lovely saves 20% of her monthly salary .But due to dearness her monthly expenditure increase 20% and she saves only Rs20. Find her monthly salary.
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Hey mate,
# Answer- Salary = Rs.500
# Solution-
Consider X be Lovely's salary.
She saves 20% × X.
Hence expenditure = 80%×X
Due to dearness her expenses increased by 20%.
New expenses = 120%(80%X)
New expenses = 96% of X
Now her savings are
New savings = X - 96% X = 4% of X
But given is new savings = Rs.20
20 = 4% × X
X = 20×100/4
X = Rs.500
Hence, Lovely's salary must be Rs.500.
Hope this is useful..
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