The income of Raju is 20% more than his expenditure. If his income increases by 60% and his expenditure increases by 70%, then by what percent does his savings increase/decrease?
Show answer & explanation
Correct answer: D
Explanation
Correct Answer is option 4 i.e. It increases by 10%
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Understanding |
Application |
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Let Raju’s expenditure = Rs. 100 Then, His income = Rs. 120 Saving = Rs. 20 |
New income = 120 × 1.6 = Rs. 192 New expenditure = 170 New saving = 192 – 170 = Rs. 22 % increase in saving = [(22 – 20)/20] × 100 = 10% |