The data given in the following table summarizes the monthly budget of an average household. | Category | Amount (Rs.) | |----------------|--------------| | Food | 4000 | | Rent | 2000 | | Savings | 1500 | | Other expenses | 1800 | | Clothing | 1200 | The approximate percentage of the monthly budget NOT spent on savings is A. 10% B. 14% C. 81% D. 86%
GATE 2012 · General Aptitude · Percentage · medium
Answer: D. 86% (approximately 85.7% of the budget is not spent on savings)
- Compute the total monthly budget: Total = 4000 + 2000 + 1500 + 1800 + 1200 = 10500
- Compute the savings percentage: % savings = (1500 / 10500) x 100 = (1/7) x 100 ≈ 14.28%
- Compute the percentage NOT on savings: % not-savings = 100 - 14.28 ≈ 85.71% ≈ 86%