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    Question

    The income of a person is Rs.12000 and his expenditure

    is Rs.8000. In the next year his income and expenditure is increased by 10% and 20% respectively. His saving is what percent less than that of the previous saving?
    A 10% Correct Answer Incorrect Answer
    B 5% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 8% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Initial Savings = 12000 – 8000 = Rs. 4000 Next year, Income = 12000×(110/100) = Rs.13200 Expenditure = 8000×(120/100) = Rs.9600 Saving = 13200 – 9600 = Rs.3600 Required % = [(4000 – 3600)/4000]×100 = 10%

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