Mohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much amount does he spend on food and insurance policy together?

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Accepted Answer

Let total amount = Rs. P Total expenditure = (23 + 33 + 19 + 16)% of P = 91%ofP Remaining money = (100 - 91)% of P = 9% of P But given in the question that, 9% of P = 504 9p/100 = 504 …

Mohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much amount does he spend on food and insurance policy together?

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