Question

What percentage of the total income is spent on education in 2008?

• A. 20%
• B. 30%
• C. 50%
• D. 40%

Answer 1

The correct option is D 40%

In the year 2008,
Father's income = 140% of father's income in 2007 =140% of 320000 = Rs 448000
Mother's income = 130% of mother's income in 2007 = 130% of (30% of 800000) = 130% of 240000 = Rs 312000
Income from rent, fund and fixed deposit in 2008 is same as in 2007 which is 30% of 800000 = Rs 240000
Therefore, total income of family in 2008 = 448000 + 312000 + 240000 = Rs 1000000
Expenditure on education in 2007 = 25% of 800000 = Rs 200000
$\therefore$ Expenditure on education in 2008 = 200000 $\times$ 2 = Rs 400000
Thus, required percentage $=(\frac{400000}{1000000}\times 100)\%=40\%$