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NIACL Model Paper 7 with solutions for free online practice
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© examsnet.com
Question : 47
Total: 100
Sophia invests 25% of her monthly salary in insurance policies. She spends 15% of her monthly salary in shopping and 35% of her salary on household expenses. She saves the remaining amount of Rs. 9,050.What is Sophia’s annual income ?
Rs. 84,500
Rs. 5, 30,000
Rs. 3, 25,200
Rs. 4, 34,400
None of these
Validate
Solution:
(4) Let Sophia’s monthly salary be Rs. x.
According to the question,
Sophia’s percentage monthly expenditure = (25 + 1 5 + 35)% = 75%
Savings per cent
= 100 - 75 = 25%
∴ 25% of x = 9050
⇒
25
×
x
100
=
9050
=
>
x
4
=
9050
=>
x
=
9050
×
4
=
R
s
.
36200
∴ Sophia’s annual income
= Rs. (1 2 × 36200) = Rs. 434400
© examsnet.com
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