Multiple Choice Questions

The monthly income of a person was Rs40 000 He used to save 25 of his income His nominal income incr...........

Quantitative Aptitude (MTS) Percentage

The monthly income of a person was Rs40,000. He used to save 25% of his income. His nominal income increases by 15% and

his nominal expenditure increases by 20%. What is the percentage change in his nominal savings?

This questions was previously asked in

SSC MTS 25th July 2022 Shift-2

7.5%

10%

- The person's initial monthly income was Rs 40,000.

- He saved 25%, which is Rs 10,000 (25% of Rs 40,000), meaning he initially spent Rs 30,000.

- His income increased by 15%, making his new income Rs 46,000.

- His expenditure increased by 20%, making his new expenditure Rs 36,000.

- New savings are calculated as income minus expenditure: Rs 46,000 - Rs 36,000 = Rs 10,000.

- His savings remain unchanged at Rs 10,000, leading to a 0% change in nominal savings.

- Therefore, Option: 2 (0%) is the correct answer.

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