Quantitative Aptitude Ques 503

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 $ %