Question

The income of a person is Rs.15000 and his expenditure

Q: Answer-The income of a person is Rs.15000 and his expenditure is Rs.11000. In the next year his income and...

Initial Savings 15000 ndash 11000 Rs. 4000 Next year, Income 15000 times 108100 Rs.16200 Expenditure 11000 times 116100 Rs.12760 Saving 16200 ndash 12760 Rs.3440 Required 4000 ndash 34404000 times 100 14

is Rs.11000. In the next year his income and expenditure are increased by 8% and 16% respectively. His saving is what percent less than that of the previous saving?

A 10%

B 12%

C 14%

D 15%

E 16%

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The income of a person is Rs.15000 and his expenditure

Solution