Raees credits 15 % of his salary in this fixed deposit account and spends 30 % of the remaining amount on groceries if the cash in hand is Rs. 2380, what is his salary?

A. Rs. 3500
B. Rs. 4000
C. Rs. 4500
D. Rs. 5000

Let salary be Rs. x.

Then, x – 15 % of x – 30 % of 85 % of x = 2380

or x – 15x/100 – (30×85×x)/(100×100) = 2380

or 200 x – 30 x – 51 x = 2380 X 200

or 119 x = 2380 X 200

or x = (2380×200)/119 = 4000

Correct Answer: Rs. 4000 ✔

Last Updated: February 07, 2020