The salary of Amit is 75% of the salary of Aman. The salary of Amit increases by 40% and the salary of Aman increases by 10%. By what approximate percentage is the new salary of Aman more than the new salary of Amit?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 4.76%.
Let the salary of Aman = 200
The salary of Amit will be = 150
After a 10% increase, Aman's salary = 110% of 200 = 220
After a 40% increase, Amit's salary = 140% of 150 = 210
Required percentage = {(220 - 210)/210} × 100 = (10/210) × 100 =47.6%