Raja gives 30% of his salary to his mother, 40% of the remaining salary he invests in an insurance scheme and PPF in the respective ratio of 4 : 3 and the remaining he keeps in his bank account. If the difference between the amount he gives to his mother and that he invests in insurance scheme is Rs. 8400, how much is Raja’s salary? A. Rs. 60,000 B. Rs. 62,000 C. Rs. 64,000 D. Rs. 65,000 E. Rs. 54,000

Raja gives 30% of his salary to his mother, 40% of the remaining salary he invests in an insurance scheme and PPF in the respective ratio of 4 : 3 and the remaining he keeps in his bank account. If the difference between the amount he gives to his mother and that he invests in insurance scheme is Rs. 8400, how much is Raja’s salary?
  1. Rs. 60,000
  2. Rs. 62,000
  3. Rs. 64,000
  4. Rs. 65,000
  5. Rs. 54,000


Answer & Explanation

Answer: Option A
Let Raja salary= R
Salary given to mother = 0.3 R
Money left=0.7 R
Now, Money invested in Insurance scheme= 0.7*0.4*4/7 R= 0.16 R
Difference of money in bank and with mother= 0.14R
Now, 0.14 R=8400, Hence R= 60,0000
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Raja gives 30% of his salary to his mother, 40% of the remaining salary he invests in an insurance scheme and PPF in the respective ratio of 4 : 3 and the remaining he keeps in his bank account. If the difference between the amount he gives to his mother and that he invests in insurance scheme is Rs. 8400, how much is Raja’s salary? A. Rs. 60,000 B. Rs. 62,000 C. Rs. 64,000 D. Rs. 65,000 E. Rs. 54,000Raja gives 30% of his salary to his mother, 40% of the remaining salary he invests in an insurance scheme and PPF in the respective ratio of 4 : 3 and the remaining he keeps in his bank account. If the difference between the amount he gives to his mother and that he invests in insurance scheme is Rs. 8400, how much is Raja’s salary? A. Rs. 60,000 B. Rs. 62,000 C. Rs. 64,000 D. Rs. 65,000 E. Rs. 54,000Raja gives 30% of his salary to his mother, 40% of the remaining salary he invests in an insurance scheme and PPF in the respective ratio of 4 : 3 and the remaining he keeps in his bank account. If the difference between the amount he gives to his mother and that he invests in insurance scheme is Rs. 8400, how much is Raja’s salary? A. Rs. 60,000 B. Rs. 62,000 C. Rs. 64,000 D. Rs. 65,000 E. Rs. 54,000

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