Question

Kanika earns 60,000 per month and spends 75% of it.Due to appraisals, her monthly income increases by 25%, but due to the rise in prices, she has to spend 15% more. CALCULATE HER NEW SAVINGS?? ​

Answer 1

Answer:

2350

Step-by-step explanation:

Org Salary   60000

Expenditure Before increment = 75/100 * 60000 = 45000

% increase in Salary = 25% of 60000 = 60000 * 25/100 =15000

∴ New Salary = Org salary +  increase in salary

                       = 60000 + 15000

                        = 75000

rise in expenses =  15 % of 45000 = 45000 * 15/100 = 6750

∴ expenses = expense before increment + rise in expenses

                    = 45000 + 6750

                    = 51750

∴ new savings = new salary - new expenses

                        = 75000 - 51750

                        =  23250