Question : The monthly income of Ramesh was Rs.16,500 and his monthly expenditure was Rs.10,500. Next year his income increased by 25% and his expenditure increased by 19%. Find the percentage increase in his savings.
Option 1: 33.5%
Option 2: 34.5%
Option 3: 32.5%
Option 4: 35.5%
Correct Answer: 35.5%
Solution :
The monthly income of Ramesh was Rs.16,500 and his monthly expenditure was Rs. 10,500.
Savings in that month = 16500 – 10500 = 6000
Next year his income increased by 25% and his expenditure increased by 19%.
Monthly income becomes = $16500×\frac{125}{100}=20625$
His expenditure becomes = $10500×\frac{119}{100}=12495$
Savings becomes = 20625 – 12495 = 8130
$\therefore$ His savings increased percentage = $\frac{8130-6000}{6000}×100=\frac{2130}{6000}×100=35.5$%
Hence, the correct answer is 35.5%.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
