Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increased by 25%. If his initial savings were ₹4,500, find his income (in ₹) after the increment.
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Correct answer: B
Explanation
The correct answer is option 2 i.e. 15000.
Soham's initial expenditure and savings are in the ratio of 5 : 3.
Total ratio = 5 + 3 = 8
Soham’s savings are ₹4,500, representing 3 parts of the total ratio. Therefore,
3x = 4,500
x = 4500/3 = 1500
Soham’s initial income is 8x.
Initial income = 8 × 1,500 = 12,000
His income increases by 25%.
New income = 12,000 + (25% × 12,000) = 12,000 + 3,000 = 15,000