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%
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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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