What was the question for this implicit rationale, and corresponding answer?
(1-(1/16))(1-(1/15))(1-(5/7)) of Income = 50
Hence income = 200
The answer: (B)
The question: A person deposits 1/16 of his income as Provident Fund and 1/15 of the remaining as insurance premium. If he spends 5/7 of the balance on domestic needs and deposits an amount of Rs. 50 in the bank, his total income would be
Options:
(A) 150
(B) 200
(C) 250
(D) 300
(E) 350