The income of a person is ₹95,000 and his expenditure is ₹75,000. If his income is increased by 18% and the expenditure by 12%, then what will be the percentage increase in his saving?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 40.5%
Given,
The income of a person is ₹95,000 and his expenditure is ₹75,000
Saving = 95000 - 75000 = ₹20000
Now,
New income = 95000 × 1.18 = ₹112100
New expenditure = 75000 × 1.12 = ₹84000
New savings = 112100 - 84000 = ₹28100
Hence, the required % = (28100 - 20000)/20000] × 100 = 81/2 = 40.5%