Ram’s income is 2.5% more than Shyam’s income. By what percentage is Shyam’s income less than Ram’s income?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 2.43%.
Let's assume Shyam's income = 100
So, Ram's income = 2.5% more than Shyam's = 100 + (2.5% of 100) = 100 + 2.5 = 102.5
Difference between Ram's and Shyam's income = 102.5 - 100 = 2.5.
Required percentage = (2.5/102.5) × 100 = 2.43...% ≈ 2.43%.
Therefore, Shyam's income is approximately 2.43% less than Ram's income.