The income of Rahul is Rs 60000 and his expenditure is Rs 40000. If his income is increased by 20% and expenditure in increased by 15%, then what will be the percentage increase in his savings?
Explanation:
Correct option 1: 30%
Savings = Income - Expenditure
Solution
Savings = 60000-40000 = 20000
New income = 120% of 60000 = 72000
New Expenditure = 115% of 40000 = 46000
New savings = 72000 - 46000 = 26000
% increment in savings = (26000 - 20000)/20000 × 100
:. % increment in savings = 6000/20000 x 100 = 30%
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By: sunny bhonsle