A person saves 10% of his income. If his income is increased by 20% and he saves 15% of the new income, by what percent his savings will increase?
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Answered by
14
let his income is 100
10 percent savings=10
income increase by 20 percent=120(new income)
his saving in new income 15% of 120=18
increase in saving 8=80%
10 percent savings=10
income increase by 20 percent=120(new income)
his saving in new income 15% of 120=18
increase in saving 8=80%
Answered by
9
Answer :
% of Gain in Saving is 80%.
Step by step explanation :
Hey Mate,
Suppose the monthly income of A is Rs. 100
And His saving is 10% = Rs. 10
If its income increase by 20% then its income became Rs. 120
And his Saving is 15% = Rs. 18
Difference of Saving = Rs 18 - Rs 10 = Rs. 8
% of Gain in Saving is = ( 8/10 ) × 100 % = 80%
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