Answer to Question #168768 in Financial Math for Benedictus

Question

A man uses 1/8 of his salary after tax on house rent and a 3/5 on transport, food and other household items. He then reserves 5/8 of the remainder on leisure and incidentals while saving the rest. If he saves $37135 every monthHow much is his Salary after tax ? (round to the nearest whole number )

Answer 1

Let salary be x

$1/8*x=0.125x$

$3/5*x=0.6x$

$X-(0.125x+0.6x)=0.275x$

Balance$=0.275x$

$5/8*0.275x=0.172x$

$0.275x-0.172x=0.103x$

$0.103x=37135$

$x=360534$

$$360534$