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 ?
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Answers
Answered by
0
Step-by-step explanation:
Savings = Income - Expenditure = (300-200) = 100
Let income be ₹300.
Expenditure = (300×2/3) = 200
If, Income is increased by 14%
Then, New Income
= [300 + (300x14/100)]
= (300 + 42) = ₹342
New Expenditure
= [200+ (200x20/100)]
= (200 +40) = 240
New Savings = (342-240)
= ₹ 102
% of Increase in Savings
= (102-100)/100x 100
= (2/100)/100 × 100
= 2%
Answered by
4
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% ...
I hope this answer will help you ... ❤࿐
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