Ratio,Proportion, Percentages and Discounting Q.9

0. A man spends 75% of his income. His income is increased by 20% and he increased his expenditure by 10%. His savings increased by

  • Option : D
  • Explanation : Let income = 100
    New income = 120
    New expenditure = 75 + 10% of 75 = 82.5%
    New savings = 120 − 82.5 = 37.5
    Old saving = 25,
    Percentage increase in savings
    = (37.5 − 25)/25 × 100
    = 12.5/25 × 100 = 50%
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