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%
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%.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
