Question

In a city, 12% of households earn less than Rs.30,000 per year, 6% households earn more than Rs.2,00,000 per year, 22% households earn more than Rs.1,00,000 per year and 990 households earn between Rs.30,000 and Rs.1,00,000 per year. how many households earn between Rs.1,00,000 and Rs.2,00,000 per year?

Answer 1

Households that earn more than Rs 1,00,000 per year = 22%

Households that earn more than Rs 2,00,000 per year = 6%

So, Households that earn between Rs 1,00,000 and Rs 2,00,000 per year = 22 - 6 = 16%

Now, Households that earn less than Rs. 30,000 per year = 12%

Households that earn between Rs 30,000 and Rs 1,00,000 per year = 100 - (22 + 12) = 66% = 990

So, 100% = 990 × (100/66) = 1500

So, households that earn between Rs 1,00,000 and Rs 2,00,000 per year = 16% = (16/100) × 1500 = 240