Rohit donates 15% of his monthly income to charity funds. The remaining income is spent in the following manner: 35% on food, 20% on rent, 17% on bills, 8% on clothing, and the remaining is kept as savings. If the amount saved each month is ₹14,620, then what is Rohit's monthly income?
₹86,000
This problem involves calculating Rohit's total monthly income based on how he distributes it among charity, various expenses, and savings. We are given the percentage of income allocated to each category and the actual amount saved.
The key is to understand that some percentages (food, rent, bills, clothing, savings) are calculated from the remaining income after the charity donation, not from the total monthly income.
Let's list the percentages given:
The remaining 85% is then spent as follows:
First, let's find the total percentage of the remaining income that is spent on expenses:
Total percentage spent from remaining income = Percentage on Food + Percentage on Rent + Percentage on Bills + Percentage on Clothing
Total percentage spent from remaining income = $35\% + 20\% + 17\% + 8\%$
Total percentage spent from remaining income = $80\%$ of the remaining income.
Now, we can find the percentage of the remaining income that is saved:
Percentage saved from remaining income = 100% (remaining income) - Total percentage spent from remaining income
Percentage saved from remaining income = $100\% - 80\% = 20\%$ of the remaining income.
We know that Rohit saves 20% of his remaining income, and the remaining income is 85% of his total monthly income. So, the amount saved is 20% of 85% of his total monthly income.
Let Rohit's total monthly income be $I$.
Calculating $0.20 \times 0.85$:
$0.20 \times 0.85 = \frac{20}{100} \times \frac{85}{100} = \frac{1}{5} \times \frac{85}{100} = \frac{85}{500} = \frac{17}{100} = 0.17$.
So, the amount saved is 17% of Rohit's total monthly income ($0.17 \times I$).
We are given that the amount saved each month is ₹14,620.
Therefore, we can set up the equation:
$0.17 \times I = 14620$
To find $I$, we divide the amount saved by the percentage (as a decimal) it represents of the total income:
$I = \frac{14620}{0.17}$
To make the division easier, we can multiply both the numerator and the denominator by 100:
$I = \frac{14620 \times 100}{0.17 \times 100} = \frac{1462000}{17}$
Now, we perform the division:
$1462000 \div 17$
| Step | Calculation | Result |
|---|---|---|
| 1 | $146 \div 17$ | 8 with remainder $146 - (17 \times 8) = 146 - 136 = 10$ |
| 2 | Bring down the next digit (2). $102 \div 17$ | 6 with remainder $102 - (17 \times 6) = 102 - 102 = 0$ |
| 3 | Bring down the remaining zeros (000). Add 000 to the result. | Result is 86000 |
So, $I = 86000$.
Rohit's total monthly income is ₹86,000.
Let's quickly check if the numbers add up with a total income of ₹86,000.
Now, let's calculate savings from the remaining income:
This matches the amount given in the problem. Thus, our calculation is correct.
Based on the detailed breakdown of expenses and savings as percentages of the total and remaining income, and using the given savings amount, we calculated Rohit's total monthly income. The calculation confirms that his monthly income is ₹86,000.
| Category | Basis | Percentage | Calculation for ₹86,000 Income |
|---|---|---|---|
| Charity | Total Income | 15% | $0.15 \times 86000 = ₹12,900$ |
| Remaining Income | Total Income | 85% | $0.85 \times 86000 = ₹73,100$ |
| Spent (Food, Rent, Bills, Clothing) | Remaining Income | 80% | $0.80 \times 73100 = ₹58,480$ |
| Savings | Remaining Income | 20% | $0.20 \times 73100 = ₹14,620$ |
| Savings | Total Income | 17% (calculated as 20% of 85%) | $0.17 \times 86000 = ₹14,620$ |
Income distribution problems often test your ability to work with percentages relative to different base amounts (total income vs. remaining income). It's crucial to read carefully and identify which percentage applies to which base.
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