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?
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 -
22.08%
Option 2 -
23.75%
Option 3 -
21.11%
Option 4 -
19.86%
Asked by Shiksha User
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1 Answer
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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 =
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