Question: The monthly income of a person was Rs. 13500 and his monthly expenditure was Rs. 9000. Next year his income increased by 14% and his expenditure increased by 7%. The per cent increase in his savings was
Options:
A) 7%
B) 21%
C) 28%
D) 35%
Show Answer
Answer:
Correct Answer: C
Solution:
- [c] Original savings $ =Rs.(13500-9000)=Rs.4500 $
New income $ =114% $ of Rs. 13500
$ =Rs.(114\times 135)=Rs.15390 $
New expenditure $ =107% $ of Rs. 9000
$ =Rs.(107\times 90)=Rs.9630 $
New savings $ =Rs.(15390-9630)=Rs.,5760 $
$ \therefore $ Percentage increase in savings
$ =,\frac{5760-4500}{4500}\times 100=,\frac{1260}{45}=28 $ %