Question
Download Solution PDFAkshay spends 40% of his income. If he saves ₹24,000, then his income (in ₹) is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Spending = 40% of income
Saving = ₹24,000
Formula used:
Savings = Income − Spending = 60% of Income
Income = Saving ÷ 60%
Calculation:
⇒ Income = 24000 ÷ (60 ÷ 100) = 24000 ÷ 0.6
⇒ Income = ₹40,000
∴ Akshay's income = ₹40,000
Last updated on Jul 21, 2025
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