A man used to save 15% of his income. His income is now 20% higher and his expenditure 10% higher. What percentage of his income does he now save?

Option 1 - <p>22.08%</p>
Option 2 - <p>23.75%</p>
Option 3 - <p>21.11%</p>
Option 4 - <p>19.86%</p>
1 Views|Posted 7 months ago
Asked by Shiksha User
1 Answer
V
7 months ago
Correct Option - 1
Detailed Solution:

(a):Let us suppose the income of man = Rs. 1000

Savings = 15% of 1000 = Rs. 150

Expenditure = 1000 – 150 = 850

New Income = 1.2 * 1000 = 1200

New Expenditure = 1.1 * 850 = 935

New Savings = 1200 – 935 = 265

Required percentage = 2 6 5 1 2 0 0 * 1 0 0 = 2 2 . 0 8 %

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