Question
Z spends 60% of his salary and saves the remaining.
After his salary is increased by 30%, he saves 55% of the increased amount besides the amount he used to save earlier. What will be the percentage change in his monthly savings?Solution
Let his salary be Rs. 100 His expenditure = 60% of 100 = Rs. 60 His saving = Rs. (100 – 60) = Rs. 40 Salary increased by 30% New salary = Rs. (100 × 130)/100 = Rs. 130 saving on increased amount = Rs. 55% × 40 = Rs. 22 New Saving = Rs. (40 + 22) = Rs. 62 required increase in saving = (62 – 40)/40 × 100 ∴ required increase in saving = 55%
What is India’s debt-to-GDP ratio as mentioned in the RBI’s April 2025 bulletin?
Which bank announced the introduction of its all-new Privy League programme, an exclusive premium banking programme with unique lifestyle benefits and...
Who will chair the Indian Ocean Rim Association (IORA) Council of Ministers meeting in Colombo on October 11, 2023?
Who among the following was elected as the President of Veterinary Council of India in January 2021?
What new policy did the Haryana government introduce for the OBC - B category, and what is the revised income ceiling for the creamy layer of OBCs?
Recently Indian Institute of Technology Madras (IIT Madras)-incubated firm has developed which Indigenous Mobile Operating System that can benefit India...
Which of the following is NOT a constitutional body?
What was the focus of the 'AI Safety Summit 2023' held in the United Kingdom?
What percentage of the workforce in India’s handicrafts sector comprises women?
According to which article of the Indian Constitution ,an election to fill the vacancy caused by the expiration of the term of office of the outgoing Pr...
