Question

    Monthly savings of ‘A’ is Rs. 700 more than his

    monthly expenditure and his total monthly income is Rs. 6500. If his monthly income is increased by 40% and his monthly savings is increased by 37.5%, then find the increase in his monthly expenditure
    A Rs. 1200 Correct Answer Incorrect Answer
    B Rs. 1240 Correct Answer Incorrect Answer
    C Rs. 1250 Correct Answer Incorrect Answer
    D Rs. 1280 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Monthly savings of ‘A’ = (6500 + 700)/2 = Rs. 3600 Monthly expenditure of ‘A’ = 6500 – 3600 = Rs. 2900 Increased monthly expenditure of ‘A’ = 1.40 × 6500 – 1.375 × 3600 = Rs. 4150 Desired increase = 4150 – 2900 = Rs. 1250

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