Multiple Choice Questions on Radha saves 25 of her income If her expenditure increases by 20 and her income increases by 29 then ........... for SSC CGL Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    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

    65%

    Incorrect Answer

    56%

    Correct Answer

    52%

    Incorrect Answer

    70%

    Incorrect Answer
    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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