The monthly expenditure of Ritvik decreases from ₹12,800 to ₹11,712. Find the percentage decrease in his expenditure.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 8.5%.
The monthly expenditure of Ritvik decreases from ₹12,800 to ₹11,712
Decrease in monthly expenditure = 12800 - 11712 = 1088
Required percentage decrease = (1088/12800) × 100 = 8.5%