ICSE Class 9 Answered
A man spend 75% of his income. His income increase by 20% and he increased his expenditure by 15%. His savings are increased by
Asked by vedpatel80.9soc | 05 Jun, 2021, 12:12: PM
Expert Answer
Let Income = Rs.100
Expenditure = Rs. 75 ; Savings = Rs. 25
Increased Income = Rs. 120
Expenditure after increase = Rs.75 + [ 75 × (15/100 ) ] = Rs. 86.25
Savings from new income after increased expenditure = ( Rs.120 - Rs. 86.25 ) = Rs. 33.75
Increase in savings = Rs.33.75 - Rs.25 = Rs.7.75
Percentage increase in savings = ( 7.75 / 25) × 100 = 31 %
Answered by Thiyagarajan K | 20 Sep, 2021, 01:12: PM
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