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Q7
(CAPF/2013)
Economy › Basic Concepts & National Income › Percentages and profit-loss
Answer Verified
The following tables show the expenditure (in percentage) of two families A and B :
| Item | Family A (Income: 20,000) | Family B (Income: 1,00,000) |
|---|---|---|
| Food | 50% | 10% |
| Entertainment | 30% | 20% |
| Miscellaneous | 20% | 70% |
Which one among the following statements is true?
Result
Your answer:
—
·
Correct:
C
Explanation
To find the correct statement, we must calculate the absolute expenditure amounts for both families by applying their given percentages to their respective monthly incomes.
Family A (Income: 20,000):
- Food: 50% of 20,000 = 10,000
- Entertainment: 30% of 20,000 = 6,000
- Miscellaneous: 20% of 20,000 = 4,000
Family B (Income: 1,00,000):
- Food: 10% of 1,00,000 = 10,000
- Entertainment: 20% of 1,00,000 = 20,000
- Miscellaneous: 70% of 1,00,000 = 70,000
Comparing these absolute values, both Family A and Family B spend exactly 10,000 on food. Thus, the statement that Families A and B spend equally on food is definitively true.
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