Directions (next five questions): These questions consits of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and choose the appropriate option.
(Applicable only to the following question)
How much money did Mr. Rajesh receive as retirement funds
I. Out of the total money received Mr. Rajesh invested 51% in various schemes, gave 35% of the total money received to his wife and remaining money he spent on miscellaneous items.
II. Out of the total money received, Mr. Rajesh spent 5% on son’s wedding and gave 35% to his wife. Out of the remaining, he invested 28% in insurance policies, 22% in pension fund scheme, 35% in share market and remaining INR 450000/- he spent on furnishing the house.
If the data in statement I alone are sufficient to answer the question while the data in statement II are not sufficient to answer the question. If the data in statement II alone are sufficient to answer the question while the data in statement I are not sufficient to answer the question. If the data either in statement I alone or statement II alone are sufficient to answer the question. If the data both statements I and II together are not sufficient to answer the question. If the data in both statement I and II are necessary to answer the question. Explanation: From statement II,
Let the initial amount that Rajesh have=INR x
Amount spent on son's marriage and on wife= 40%
Remaining amount = x×60/100= 3x/5
Amount spent from remaining amount
=(28+22+35)
=85%
Now, remaining amount = 3x/5×15/100
=9x/100
According to statement,
9x/100=450000
x=INR 50,00,000/-
