Sum

Mr. Shekhar spends 60% of his income. From the balance he donates Rs. 300 to an orphanage. He is then left with Rs. 3,200. What is his income ?

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#### Solution

Let Mr. Shekhar's income be Rs *x*.

Money spent = 60% of *x* = `60/100 x`

Money donated in orphanage = Rs 300

Money left = Rs 3200

Money spent + Money donated + Money left = Total income

⇒ `60/100x` + 300 + 3200 = x

⇒ `(6x)/10` + 3500 = x

⇒ x - `(6x)/10` = 3500

⇒ `(4x )/10` = 3500

⇒ x = 8750

Thus, Mr. Shekhar's income is Rs 8750.

Concept: Saving and Investment

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