The monthly income of Ramesh was Rs 16 500 and his monthly expenditure was Rs 10 500 Next year his i...........

Quantitative Aptitude (CPO) Percentage

The monthly income of Ramesh was Rs.16,500 and his monthly expenditure was Rs.10,500. Next year his income increased by

25% and his expenditure increased by 19%. Find the percentage increase in his saving.

This questions was previously asked in

SSC CPO 9th Nov 2022 Shift 2

33.5%

34.5%

32.5%

35.5%

- Initial Income and Expenditure:

- Income: ?16,500

- Expenditure: ?10,500

- Savings = Income - Expenditure = ?6,000

- Next Year Income and Expenditure:

- Income increased by 25%

- New Income = ?16,500 + (25/100 × ?16,500) = ?20,625

- Expenditure increased by 19%

- New Expenditure = ?10,500 + (19/100 × ?10,500) = ?12,495

- New Savings = New Income - New Expenditure = ?20,625 - ?12,495 = ?8,130

- Percentage Increase in Savings:

- Increase in Savings = New Savings - Old Savings = ?8,130 - ?6,000 = ?2,130

- Percentage Increase = (Increase in Savings / Old Savings) × 100 = (?2,130 / ?6,000) × 100 ˜ 35.5%

- Correct Answer: 35.5%

- Option 4: 35.5%

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