model 5 income & expenditure Section-Wise Topic Notes With Detailed Explanation And Example Questions

MOST IMPORTANT quantitative aptitude - 11 EXERCISES

Top 10,000+ Aptitude Memory Based Exercises

The following question based on percentage topic of quantitative aptitude

Questions : The monthly income of a person was Rs.13,500 and his monthly expenditure was Rs.9,000. Next year his income increased by 14% and his expenditure increased by 7%. The per cent increase in his savings was

(a) 28%

(b) 21%

(c) 7%

(d) 35%

The correct answers to the above question in:

Answer: (a)

Original savings = Rs.(13500 – 9000) = Rs.4500

New income = 114% of Rs.13500 = Rs.(114 × 135) = Rs.15390

New expenditure = 107% of Rs.9000 = Rs.(107 × 90) = Rs.9630

New savings = Rs.(15390 – 9630) = Rs.5760

Percentage increase in savings = ${5760 – 4500}/4500$ × 100

= $1260/45$ = 28%

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Read more income expenditure Based Quantitative Aptitude Questions and Answers

Question : 1

A's salary is 25% more than B's salary. B's salary is how much less than A's salary ?

a) 25 %

b) 24 %

c) 20 %

d) 27.5 %

Answer: (c)

Using Rule 8,

Required percentage = $25/125 ×100 = 20%$

Question : 2

The income of C is 20% more than B's and the income of B is 25% more than A's. Find by how much per cent is C's income more than A's ?

a) 25%

b) 50%

c) 150%

d) 35%

Answer: (b)

Suppose income of A = Rs.100

Income of B = Rs.125

Income of C = Rs.150

Required percentage = ${50 × 100}/100$ = 50%

Question : 3

If the income of Ram is 12$1/2$% more than that of Shyam, the income of Shyam is less than that of Ram by

a) 87$1/2$%

b) 13$1/2$%

c) 11$1/9$%

d) 88$1/9$%

Answer: (c)

Using Rule 8,

Tricky approach

Required %= ${R ×100}/{100 ±R}$

Required % =${12.5 × 100}/{100 + 12.5}$

= $1250/112.5 = 100/9 = 11{1}/9$

Question : 4

If A's income is 25% less than B's income, by how much percent is B's income more than that of A ?

a) 33$1/3$%

b) 30%

c) 25%

d) 66$2/3$%

Answer: (a)

Using Rule 9,

Shortcut method

Required percentage = $25/{100 - 25}×100$

= $100/3 = 33{1}/3%$

Question : 5

A man spends 40% of his monthly salary on food and one-third of the remaining on transport. If he saves Rs.4,500 per month, which is equal to half the balance after spending on food and transport, his monthly salary is

a) Rs.25,000

b) Rs.22,500

c) Rs.11,250

d) Rs.45,000

Answer: (b)

Suppose monthly income of the man is Rs. x.

Expenditure on food = 40% of x = Rs.${2x}/5$

Remaining amount = x - ${2x}/5= Rs.{3x}/5$

Expenditure on transport = $1/3 × {3x}/5 = Rs.x/5$

Remaining amount = ${3x}/5 - x/5 = {2x}/5$

According to question $1/2 × {2x}/5 = 4500$

x = 4500 × 5 = Rs.22,500

Question : 6

Given that 10% of A's income = 15% of B's income = 20% of C's income. If sum of their income is Rs.7800, then B's income is:

a) Rs.2400

b) Rs.3000

c) Rs.3600

d) Rs.1800

Answer: (a)

10% of A = 15% of B = 20% of C

10A = 15B = 20C

${10A}/60 = {15B}/60 = {20C}/60$

$A/6 = B/4 = C/3$

A : B : C = 6 : 4 : 3

6x + 4x + 3x = 7800

13 x = 7800

x = $7800/13$ = 600

B's income = 4x = 600 × 4 = Rs.2400

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