Question

Mohan's income is rupees 15500 per month. He saves 11% of his income. If his income increases by 10%, then he reduces his savings by 1%, how much does he save now?? PLEASE ANSWER WITH PROPER STEPS !!!

Answer 1

here is your answer sir

Given

Mohans income = Rs 15500

saving = 11% of income

His income increased by 10%

and savings reduces by 1%

To find

New savings

Solution

His savings ob Rs 15500 = 15500 × 11/100

= 155 × 11

= 1705

so his savings on Rs 15500 are Rs 1705

Increased income = 15500 + 15500 × 10/100

= 15500 + 1550

= 17050

so his income is Rs 17050

savings on Rs 17050 are 9%

savings on Rs 17050 = 17050 × 9/100

= 170.5 × 9

= 1634.5

so new savings are Rs 1634.5