The monthly salary of a person was Rs50 000 He used to spend on three heads personal and family expe...........

Quantitative Aptitude (CPO) Percentage

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)

This questions was previously asked in

SSC CPO 9th Dec 2019 Shift-1

16.4% more

8.2% more

16.4% less

8.2% less

Here’s the breakdown of the situation:

- Initial Salary: Rs 50,000

- Personal and Family Expenses (E): 50% of salary = Rs 25,000

- Taxes (T): 20% of E = Rs 5,000

- Philanthropy (P): 15% of T = Rs 750

- Initial Savings: Rs 50,000 - Rs 25,000 - Rs 5,000 - Rs 750 = Rs 19,250

- New Salary: Increased by 40% = Rs 70,000

- New Expenses (E): 50% of new salary = Rs 35,000

- New Taxes (T): 30% of E = Rs 10,500

- New Philanthropy (P): 20% of T = Rs 2,100

- New Savings: Rs 70,000 - Rs 35,000 - Rs 10,500 - Rs 2,100 = Rs 22,400

- Percentage Change in Savings:

- Increase = (New Savings - Initial Savings) / Initial Savings × 100

- Increase = (Rs 22,400 - Rs 19,250) / Rs 19,250 × 100 = 16.4%

The correct answer is Option: 1, 16.4% more.

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