Anita spends 68% of her monthly income. If her monthly income increases by 40% and the expenditure increases by 30%, then by what percent does her saving increase?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 61.25%.
Let income = ₹100
expenditure = ₹68
saving = ₹32
New income = ₹140
new expenditure = ₹88.4
saving = ₹51.6
Increase = ₹19.6
% increase = (19.6/32) × 100 = 61.25%