Question

A man spends 75% of his income.His income is increased by 20% and he increased his expenditure by 10%. His savings are increased by:

Answer 1

Answer:

50%

Step-by-step explanation:

Let income = 100, exp = 75, sav = 25

Now, New income = 100 + 20%(100) = 120

New Exp. = 75 + 10%(75) = 82.5

New Sav. = 120 - 82.5 = 37.5

% increase in savings = (12.5/50)x100 = 50%

Hope it helps ^_^