Rahul's monthly income is Rs 1,50,000. Out of this, he saves Rs 1,500. Find the percentage of his savings.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1%.
Calculations:
Total income = 150000
Total savings = 1500
Hence, Percentage of savings = (1500/150000) × 100 = 1%