Question

A man spends 2/3rd of his in- come. If his income 'increases by 14% and the expenditure in- creases by 20%, then the per- centage increase in his savings will be​

Answer 1

Answer:

Let the income of the man be 300.

Expenditure of the man = 300 × (2/3) = 200

Savings of the man = 300 – 200 = 100

New income of the man = 300 × (114/100) = 342

New expenditure of the man = 200 × (120/100) = 240

New saving of the man = 342 – 240 = 102

Required percentage = [(102 – 100)/100] × 100 = 2%

Step-by-step explanation:

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Answer 2

Answer:

A man spends 2/3rd of his income. If his income increases by 14% and the expenditure increases by 20%. Then the percentage increase in his savings will be

Options:

1%

6%

4%

2%