Radha saves 25% of her income. If her expenditure increases by 20% and her income increases by 29%, then her savings
increase by :
This questions was previously asked in
SSC CGL 13th August 2021 Shift-2
Explanation:
- Radha saves 25% of her income, meaning she spends 75% of it.
- Let’s assume her initial income is 100 units. Her savings would be 25 units, and her expenditure would be 75 units.
- Her income increases by 29%, which makes it 129 units.
- Her new expenditure, with a 20% increase, becomes 90 units (75 + 15).
- Her new savings = New Income - New Expenditure = 129 - 90 = 39 units.
- The change in savings is from 25 units to 39 units.
- The percentage increase in savings = [(39 - 25) / 25] x 100 = 56%.
- The correct option is 2, which is 56%.
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