The monthly salary of a person was Rs50,000. He used to spend on three heads- personal and family expenses (E), taxes (T), philanthropy (P), and rest were his savings. E was 50% of the income, T was 20% of E and P was 15% of T. When his salary got raised by 40%, he maintained the percentage level of E, but T became 30% of E and P became 20% of T. By whatpercentage is the new savings more or less than the earlier savings? (correct up to one decimal place)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 16.4
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Understanding |
Application |
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Initial expenditure =
= 50 + 10 + 1.5 = 61.5% % saving = 38.5% Total saving = = 50000 × |
New salary 70000 % expenditure = 50 + 15 + 3 = 68% %saving = 32% Total saving = = 70000 × New saving more by =
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= 19250
= 22400
× 100 = 16.4%