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Question : Manisha has Rs. 8000 in her wallet. Then she increased it by 10%. Now she spent 5% of it. The final value of money in her wallet will be how much percent greater than the initial amount?

Option 1: 5%

Option 2: 6%

Option 3: 4.5%

Option 4: 5.5%


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 4.5%


Solution : Initial money with Manisha = Rs. 8000
After increment of 10% = $\frac{110}{100}\times8000=8800$
Remaining money after spending 5% = $\frac{95}{100}\times8800=8360$
Required Percentage = $\frac{\text{Remaining money - Initial money}}{\text{Initial money}}\times100$
= $\frac{8360-8000}{8000}\times100$
= $\frac{360}{8000}\times100$
= $4.5\%$
Hence, the correct answer is 4.5%.

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