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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?
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.
SIMILAR QUESTIONS
Which one of the following statements in the context of social sector spending in India during 2014 - 19 (both States and the Union Government together) is true ?
The following Table shows the percentage distribution of revenue expenditure of Government of India in 1989-90 and 1994-95 .Based on this table, it can be said that the Indian economy is in poor shape because the Central Government continues to be under pressure to
Years | Defence | Interest Payments | Subsidies | Grants to States/Uts | Others
1989-90 | 1.5.1 | 2.7.7 | 1.6.3 | 1.3.6 | 2.7.4
1994-95 | 1.3.6 | 3.8.7 | 8 | 1.6.7 | 2.3