Question

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

Answer 1

Answer:

answer is 35 percent

Step-by-step explanation:

let the income be 100

then expenses will be rs. 75

automatically savings will be

100-75= 25 rs.

if income increase by 20 percent

i.e.

100+20 percent of 100

=120 will be new income.

if expenses increase by 15 Percent

then 75+15 Percent of 75

=86.25 rs.

savings will be= 120-86.25

=33.75

increase percent

increase in saving/ original saving x 100

33.75-25/25x100

8.75/25x100

= 35 percent