SOLUTION: A person spends 30% of his income on gold schemes and 15% of income on children education.The remaining income he spends on domestic and paying bills in the ratio of 5:3.If he spen

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: A person spends 30% of his income on gold schemes and 15% of income on children education.The remaining income he spends on domestic and paying bills in the ratio of 5:3.If he spen      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1105967: A person spends 30% of his income on gold schemes and 15% of income on children education.The remaining income he spends on domestic and paying bills in the ratio of 5:3.If he spends on bills amount rs 96000.Then find the amount he invested in gold schemes?
Answer by josgarithmetic(39615) About Me  (Show Source):
You can put this solution on YOUR website!
gold schemes    30%
children ed     15%
domestic         5x
bills            3x
-----------------------
total          100%


5x%2B3x%2B15%2B30=100
8x%2B45=100
8x=55
x=55%2F8

Domestic percent spending, 34.375%
Bills percent spending, 20.625%

Given: 96000 dollars spent on bills.

How much spent on gold schemes?
0.20625%2AI=96000
I=96000%2F0.20625
I=465454.55---------amount of income
-
0.3%2A465454.55=highlight%28139636%29----------amount spent on gold schemes (ignoring the pennies)