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A man spends 80% of his income. His income is increased by 20% andhe increases his expenditure by 15%. Find the percentage increase in hissavings.17,25000 Due to an increase of5% |
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Answer» Let income = 100exp = 75savings = 25 New income = 100 + 20%(100) = 120New Exp. = 75 + 15%(75) = 86. 25New Sav. = 120 - 86.25 = 33.75% increase in savings = (16.25/50)x100 = 32. 5% 20 persent |
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