Akshay spends 40% of his income. If he saves ₹24,000, then his income (in ₹) is:

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RRB NTPC Graduate Level CBT-I Official Paper (Held On: 06 Jun, 2025 Shift 1)
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  1.  39,000
  2.  41,000
  3. 9,600
  4. 40,000

Answer (Detailed Solution Below)

Option 4 : 40,000
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Detailed Solution

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Given:

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

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