Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increases by 25%. If his initial savings were ?4,500, find his income (in Rs.) after the increment.
This questions was previously asked in
ssc cgl 2023 pre
Explanation:
- Soham's expenditure and savings are initially in the ratio of 5:3.
- His savings are given as ?4,500.
- The savings are 3 parts of the total 8 parts (5 expenditure + 3 savings).
- If 3 parts = ?4,500, then 1 part = ?4,500 / 3 = ?1,500.
- Therefore, 8 parts = 8 × ?1,500 = ?12,000, which is the initial income.
- The income increases by 25%. So, the increased income is ?12,000 + (25/100) × ?12,000.
- 25% of ?12,000 is ?3,000.
- Thus, the increased income is ?12,000 + ?3,000 = ?15,000.
- Answer: Option 2 - ?15,000
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By: Parvesh Mehta