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A man donated 5% of his income to a charitable organization and deposited 20% of the remainder in a bank. If he now has Rs. 1919 left, what is his income?
Correct answer: B
Explanation and memory cue
Let the man's income be Rs. x. He donates 5% of his income, so the remainder is 95% of x, which is 0.95x. He then deposits 20% of this remainder in the bank, leaving him with 80% of 0.95x, which is 0.8 × 0.95x = 0.76x. Given that this amount is Rs. 1919, we have 0.76x = 1919. Solving for x gives x = 1919 / 0.76 = 2525. Therefore, the man's income is Rs. 2525, which corresponds to option B.