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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Step-by-step explanation:
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%
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