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Discussion :: IBPS BANK EXAM TEST 6

  1. Sohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children's education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much total amount did he spend on food and insurance policy together?
    2. A.

    Rs. 3200
    B.

    Rs. 3126
    C.

    Rs. 3136
    D.

    Rs. 3048
    E.

    None of these

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    Answer : Option C

    Explanation :

    Let the total amount be Rs.x 

    Savings percent

    = [100 - (23 + 33 + 19 + 16 )]%

    = 9 %

    9% of x = 504

    => x = 504 * 100/9   = 5600

    Expenditure on food and insurance policy together = 56% of 5600 

    = Rs. (56*5600 / 100)

    =Rs. 3136

     

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