Percentage

Quantitative Aptitude (CGL)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The income of Raju is 20% more than his expenditure. If his income increases by 60% and his expenditure increases by 70%,

then by what percent does his savings increase/decrease?

This questions was previously asked in

SSC CGL 4 June 2019 Shift-2

It decreases by 2%

It increases by 2%

It decreases by 10%

It increases by 10%

- Raju's initial saving can be determined by his income and expenditure relationship: Income = 1.2 * Expenditure.

- Assume expenditure as 100, so income is 120, and savings is 120 - 100 = 20.

- When income increases by 60%, it becomes 120 * 1.6 = 192.

- When expenditure increases by 70%, it becomes 100 * 1.7 = 170.

- New savings are 192 - 170 = 22.

- Percentage increase in savings is: ((22 - 20) / 20) * 100 = 10%.

- Therefore savings increase by 10%.

Answer: Option 4 - It increases by 10%.