Question : Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increased by 25%. If his initial savings were Rs. 4,500, find his income (in Rs.) after the increment.
Option 1: 16,000
Option 2: 15,000
Option 3: 9,375
Option 4: 12,000
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 15,000
Solution : Let denote the initial expenditure as $E$, initial savings as $S$, and the initial income as $I$. Given that the ratio of expenditure to savings is 5 : 3. $E : S = 5 : 3$ ⇒ $E = \frac{5}{3}S$ $I = E + S$ ⇒ $I = \frac{5}{3}S + S = \frac{8}{3}S$ The initial savings S were Rs. 4,500. So, $I = \frac{8}{3} \times 4500 = 12,000$ The income increases by 25%, the income after the increment $I'$. $I' = I + 0.25I = 12000 + 0.25 \times 12000 =$ Rs. 15,000 Hence, the correct answer is 15,000.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : The monthly income of a person was INR 12,000 and his monthly expenditure was INR 8,000. Next year, his income increased by 10% and his expenditure by 8%. Find the percentage increase in his savings.
Question : Shiva’s monthly salary is Rs.75,000. He spends Rs.12,000 on household items, Rs.14,000 on LIC and mutual funds, Rs.15,000 on his children’s education, and keeps Rs.10,000 for miscellaneous expenses. His savings are Rs.21,000 per month and he donates the rest of the
Question : Raj's income is Rs. 45,000 and his expenditure is Rs. 33,000. If his income is increased by 20% and expenditure by 12%, then what will be the percentage increase in savings?
Question : A man spends 60% of his income on different items. His income has increased by 20% and his expenditure has also increased by 10%. Find the percentage increase in his savings.
Question : A man spends 75% of his income. His income increases by 20% and his expenditure also increases by 10%. Find the percentage increase in his savings.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile