A person saves 6% of his income. Two years later, his income shoots up by 15% but his savings remains the same. Find the hike in his expenditure
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Let the income be 100 rs
So saving is 6 rs
Now let the income be 115 rs
Still saving is 6 rs
So expenditure is 109 rs but earlier it was 94 rs
So increse percentage is 15*100/94
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