Multiple Choice Questions on Radha saves X of her income If her income increases by 28 and the expenditure increases by 20 then h........... for SSC CGL Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Radha saves X % of her income. If her income increases by 28%and the expenditure increases by 20%, then her savings increase by 40%. What is the value of x ?

    This questions was previously asked in
    SSC CGL 23rd August 2021 Shift-1

    35

    Incorrect Answer

    40

    Correct Answer

    50

    Incorrect Answer

    25

    Incorrect Answer
    Explanation:

    Income = Saving + Expenditure
    Solution
    Let income of Radha be 100
    Saving of Radha = 100 x (x/100) = x Expenditure of Radha = (100 - x)
    Radha salary after increment = 100 x (128/100) = 128
    Radha expenditure after increment = (100-x) x 120/100
    ⇒(100 - x) x 6/5
    New saving = 128-(100-x) x 6/5....(1)
    New saving after increment = (x x 140/100)
    New saving after increment = 7x/5....(2)
    From equation (1) and (2)
    128 (100-x) x 6/5 = 7x/5
    ⇒ 640-600+ 6x = 7x
    ⇒ 40 + 6x = 7x
    =7x-6x=40
    ⇒x=40
    :. The required value of x is 40


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