Manish invests Rs.3,960, which is 30% of his monthly income, in insurance policies. What is his monthly income?
(a) Rs.13,200 (b) RS.13,400 (c) Rs.13,600 (d) Rs.13,800 (e) None of these
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Express 960 as the product of its prime factors.
Solution: 960 = 2 x 2 x 2 x 2 x 2 x 2 x 3 x 5 = 26 x 3 x 5
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Manish invests Rs.3,818, which is 20% of his monthly income, in insurance policies. What is his monthly income?
(a) The monthly salary of Manish will be =3818 x 100/20 = Rs.19090
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Latika spends 45% of her monthly income on food and 30% of the monthly income on transport. Remaining amount Rs.4500 She saves.
(b) Percentage of imcome saved = 100 – (45 + 30) = 25% 25% of x = 4500 x =4500 * 100/25 =18000
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Mr. Davar spends 38% of his monthly income on food, 25% on children's education and 12% on transport and the remaining amount of Rs.5.800 he saves.
(a) Percentage savings of Mr.Davar = 100 – (38 + 25 + 12) = 25% Let his monthly income be x 25% of x = 5800 x = 5800 * 100 /25 =...
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Consider the following statements: 1. Life Insurance Corporation of India is the oldest insurance company in India.
(c) Oriental Life Insurance company (1818) is the oldest.
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The average monthly income of person in a certain family of 5 is Rs.1000. What will be monthly
(a) Total income of the family per month = 5 × 1000 = Rs.5000 per month Increased amount = 12000/12 = Rs.1000 per month Now total amount of the family per...
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The monthly income of Komal and Asha are in the ratio of 4 : 3. Their monthly expenses are in the ratio of 3 : 2. However,
(c) Let monthly income of Komal and Asha be 4x and 3x Also, let monthly expenses of Komal and Asha be 3y and 2y. Now, 4x – 3y = 600 ...
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Harish is taller than Manish but shorted than Suresh. Manish is shorter than Anil but taller than Raghu.
The correct answer is (C) Raghu
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A farmer invests his own saving in doing farmings but hires labour to do work. Identify Implicit Cost.
Imputed interest of own saving is Implicit Cost.
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A producer invests his own savings in starting a business and employs a manager to look after it.
Imputed interest of owner's self owned savings is implicit cost because implicit costs are incurred on the use of self-owned inputs Salary paid to manager to look after the business is...
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