Question

Paulson spends 75% of his income. His income is increased by 20% and he increased his expenditure by 10%.Find the percentage increase in his savings

Answer 1

Answer:

50% savings are increase

Step-by-step explanation:

According to the information,

Let his income be ₹ 100

Expenditure = ₹ 75

Now, Income is increased by 20%.

Thus, New income = ₹120

Expenditure is increased by 10% =(75×110)/100= ₹ 82.50

Saving = 120-82.50=37.50

Earlier saving = 100-75=₹25

Increase in saving = (37.50-25)/25×100=50%

Hence, the saving increased is 50%.

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