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Raghuveer's average expenditure for 3 months is Rs 3000. For the next 4 months, his average expenditure is Rs 5000 and for the remaining 5 months it is Rs 4000. If the annual saving of Raguveer is Rs 2500, then what is the annual income of Raguveer?

Raghuveer's average expenditure for 3 months is Rs 3000. For the next 4 months, his average expenditure is Rs 5000 and for the remaining 5 months it is Rs 4000. If the annual saving of Raguveer is Rs 2500, then what is the annual income of Raguveer? Correct Answer Rs 51,500

Given:

Average expenditure for three months = Rs 3000

Average expenditure for next four months = Rs 5000

Average expenditure remaining 5 months = Rs 4000

Annual saving = Rs 2500

Formula used:

Profit = Income – Expenditure

Calculation:

Average expenditure for three months = Rs 3000

Expenditure for three months = 3000 × 3 =Rs 9000

Average expenditure for next four months = Rs 5000

Expenditure for next four months = 5000 × 4 = Rs 20000

Average expenditure remaining 5 months = Rs 4000

Expenditure remaining 5 months = 4000 × 5 = Rs 20000

Total expenditure of the year = 20000 + 20000 + 9000 = Rs 49000

Total saving = Rs 2500

Annual income of the Raguveer = 49000 + 2500 = Rs 51500

∴ Annual income of the Raguveer is Rs. 51,500.

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