Sahil spends 87.5% of his income . If his income increases by 100/9% and his expenditure increases by 14.28%,then find his current saving %
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Answer:
His Savings will increase by 3%, Please take a look at the below example:
Lets assume his previous income was Rs. 1000, of which he spends 87.5%, then
Income - Rs. 1,000
Expenditures - Rs. 875
Savings - Rs. 125 or 12.5%
His New income increased by 59% and Expenditures by 67%, so the situation is:
Income - Rs. 1,590 (1,000 + 59% increase)
Expenditures - Rs. 1,461.25 ( 875 + 67% increase)
Savings - Rs. 128.75 (1590–1461.25)
Difference between Previous and New savings is Rs. 3.75 (128.75–125) or 3% compared to previous savings of 125
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Answer:
His current savings percentage is 10.
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