ATQ,
Let monthly income of ‘Arjun’ is Rs. 100x Monthly savings of ‘Arjun’ = 0.40 × 100x = Rs. 40x Monthly expenditure of ‘Arjun’ = 100x – 40x = Rs. 60x Increased monthly income = 1.60 × 100x = Rs. 160x Monthly expenditure now = 160x – 40x = Rs. 120x Percentage % = [(120x – 60x)/60x] × 100 = 100%
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