Question:
Mr.Jones gave 40% of the money he had to his wife. He also gave 20% of the remaining amount to his 3 sons. Half of the amount now left was spent on miscellaneous items and the remaining amount of Rs.12000 was deposited in the bank. How much money did Mr.jones have initially?
A ) 150000
B ) 110000
C ) 100000
D ) 99990
Answer: C ) 100000
Explanation:
Let the initial amount with Mr.Jones be Rs.x
Then,(1/2)[100-(3*20)]% of x=12000
(1/2)*(40/100)*(60/100)*x=12000
x=((12000*25)/3)=100000
Mr.Jones gave 40% of the money he had to his wife. He also gave 20% of the remaining amount to his 3 sons. Half of the amount now left was spent on miscellaneous items and the remaining amount of Rs.12000 was deposited in the bank. How much money did Mr.jones have initially?
A ) 150000
B ) 110000
C ) 100000
D ) 99990
Answer: C ) 100000
Explanation:
Let the initial amount with Mr.Jones be Rs.x
Then,(1/2)[100-(3*20)]% of x=12000
(1/2)*(40/100)*(60/100)*x=12000
x=((12000*25)/3)=100000
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