Last year, Geeta's monthly salary was ₹12,000 and Seeta's monthly salary was 10,000. This year, Geeta's monthly salary is 14,400, while Seeta's monthly salary is ₹12,500. If the percentage increase in Seeta's monthly salary this year over her monthly salary last year is denoted by x%, and the percentage increase in Geeta's monthly salary this year over her monthly salary last year is denoted by y%, then what is the value of ?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 25.
Last year, Geeta's monthly salary = ₹12,000, and
This year, Geeta's monthly salary = ₹14,400
Last year, Seeta's monthly salary = 10,000, and
This year, Seeta's monthly salary = ₹12,500
Now,
Percentage increase = (New salary - Old salary)/Old salary × 100
Geeta's percentage increase = (14400 - 12000)/12000 × 100
⇒ 2400/12000 × 100 = 20%
Now,
Seeta's percentage increase = (12500 - 10000)/10000 × 100
⇒ 2500/10000 × 100 = 25%
So,
Required value = (25 - 20)/20 × 100
⇒ 5/20 × 100 = 25%