10 Views

Question : The salary of Amit is 75% of the salary of Aman. The salary of Amit increases by 40% and the salary of Aman increases by 10%. By what approximate percentage is the new salary of Aman more than the new salary of Amit?

Option 1: 6.2%

Option 2: 9.6%

Option 3: 5.5%

Option 4: 4.8%


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: 4.8%


Solution : Given: The salary of Amit is 75% of the salary of Aman. The salary of Amit increases by 40% and the salary of Aman increases by 10%.
Let Aman's original salary as 100
So, Amit's original salary = 100 × $\frac{75}{100}$ = 75
After the increases, Aman's salary becomes 100 × $\frac{110}{100}$ = 110
and Amit's salary becomes 75 × $\frac{140}{100}$ = 105
The percentage by which Aman's new salary is more than Amit's new salary,
$=\frac{{\text{New value} - \text{Old value}}}{\text{Old value}} \times 100)$
$=\frac{110-105}{105}×100$
$=\frac{100}{21}=4.76\approx4.8$%
Hence, the correct answer is 4.8%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books