a man whose income is rupees 57600 a years spends rupees 43200 year what percentage of his income does he save
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Given - Income = rupees 57600
Expenditure = rupees 43200
Find - Percentage saved
Solution - Percentage saved can be calculated by using the mentioned formula-
The percentage saved = savings/income*100
Firstly calculate the saving amount.
Savings = Income - expenditure
Savings = 57600 - 43200
Savings = Rupees 14400
Keep the values in the formula to find the percentage saved.
The percentage saved = 14400/57600*100
The percentage saved = 0.25*100
The percentage saved = 25%
Hence, the percentage of income he saved was 25%.
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