Accountancy, asked by ZIASAJID6577, 1 year ago

The monthly income of a person

was 13,500 and his monthly

expenditure was 9,000. next

year his income increased by

14% and his expenditure in-

creased by 7%. the per cent in-

crease in his savings was

Answers

Answered by enormous010
54
Hi friend,

# 28%

Solution:-

Savings = income - expenditure

13500 - 9,000 = 4,500

His income increased by 14%

So,13,500*(14/100) = 1,890

His expenditure increased by 7 %

So, 9,000 * (7/100) = 630

New savings = 1,890 -630 = 1,260

Percentage increased by this savings :-

1,260 * (100/4,500) = 28%

Thus, the percentage increased in his savings is 28%...i hope it helps you

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