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.
Option 1: 10%
Option 2: 14%
Option 3: 12%
Option 4: 15%
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: 14%
Solution : Given: Monthly Income = INR 12000 Monthly Expenditure = INR 8000 Increase in income = 10% Increase in expenditure = 8% Solution: Savings before increase = 12000 – 8000 = INR 4000 Increase in income = 12000 + $\frac{10}{100}$ × 12000 = INR 13200 Increase in expenditure = 8000 + $\frac{8}{100}$ × 8000 = INR 8640 Increase in savings = 13200 – 8640 = INR 4560 Difference in savings = INR 4560 – INR 4000 = INR 560 $\therefore$ Savings in percentage increase = $\frac{560}{4000}$ × 100 = 14% Hence, the correct answer is 14%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
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.
Question : The monthly expenses of a person are $66 \frac{2}{3} \%$ more than her monthly savings. If her monthly income increases by 44% and her monthly expenses increase by 60%, then there is an increase of INR 1,040 in her monthly savings. What is the initial expenditure (in INR)?
Question : A person saves $33 \frac{1}{3}\%$ of his income. If the savings increase by $22\%$ and the expenditure increases by $10\%$, then the percentage increase in his income is:
Question : The ratio between monthly income and expenditure of Vaidic is 8 : 5. If his income increases by 20% and his expenditure increases by 30%, then find the percentage increase or decrease in his monthly savings.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile