Question

Total income of Ramyani, Mac and Ankit is ₹12,24,000. The % of their expenses are 80%,85% and 90% respectively. If the ratio of their savings is 3:7:8 which is same as the ratio of their respective incomes, then find the Annual Saving of Mac and Ankit combined.

• A. ₹1,32,600
• B. ₹1,25,800
• C. ₹1,15,260
• D. ₹1,20,844

Answer 1

The correct option is B ₹1,25,800

Let the savings and income be 3x , 7x and 8x respectively.
3x + 7x + 8x = 18x
18x = ₹12,24,000
$\Rightarrow$ x = ₹68000
Income of Mac = 7$\times$68000 = ₹4,76,000
Savings of Mac = 15% of 4,76,000 = $\frac{15}{100}\times 476000$ = ₹71400.
Income of Ankit = 8$\times$68000 = ₹5,44,000
Savings of Ankit = 10% of 5,44,000 = $\frac{10}{100}\times 544000$ = ₹54400.
Combined Savings of Mac and Ankit = ₹71400 + ₹54400 = ₹1,25,800