The Ramos family saved 720,000.00 which is 80% of what they need to buy a house and a lot.
How much more do they need?
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Income increase by 16
3
2
%⇒ Income becomes Rs 116
3
2
Expenditure increases by 37
2
1
%⇒ Expenditure=80+37
2
1
% of 80=80+
100
37.5
×80=80+30=Rs 110
∴ Present saving =Rs 116
3
2
-Rs 110=6
3
2
Present per cent saving =
116
3
2
6
3
2
×100=
3
350
3
20
×100=
350
2000
=5
7
5
%
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