Rahul save 5% of its income after increment is salary increases by 20% but its saving remains the same then calculate the increase in his expenditure
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The increase in the expenditure is 21 %
Step-by-step explanation:
Step 1 of 4
Consider that income of Rahul = 100
Then according to the given statement
Saving = 5% of 100 = 5
Expenditure = income - saving
= 100-5 = 95
Step 2 of 4
Income increased by 20% = 20% 100= 20+100=120
Saving remains the same e.g. 5
Expenditure = 120-5=115
Step 3 of 4
Change/increase in expenditure = 115-95 = 20
Step 4 of 4
Percentage increase = 20/95*100= 21%
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