man spends 60% of his income on different items. His income has increased by 15% and his expenditure has also increased by 10%. Find the percentage increase in his savings.
Answer (1)
19th Dec, 2024
Consider his income to be 100
Now his expenditure is 60
And thus savings is 40
Now after 15% increase in income and 10% increase in expenditure
His income is now 115
And his expenditure is 60x1.10= 66
Thus savings is 49
Now percentage increase is (49-40)/40 x 100 = 22.5%
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