Question

A person spends 75 of his income.If his income increases by 20 and expenses increase by 15 then find the percent increase in his savings

Answer 1

Answer:

Step-by-step explanation:

Let us assume his income is Rs . 100.

Now A/Q his expenditure is 75 % i.e. Rs . 75

So his savings = S1 = 100-75 = RS . 25

Later his income increases by 20% → 100 + 100 x 20/100 = Rs. 120

and his expenditure increases by 10% → 75 + 75 x 10 /100 = Rs. 82.5

So his savings = S2 = 120 - 82.5 = Rs . 37.5

Increment in savings = S2-S1 = 37.5 - 25 = Rs. 12.5

percentage increase = 12.5 / 25 x 100 = 50 %