New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    The income of a person is Rs.15000 and his expenditure is Rs.12000. In the next year his income and expenditure is increased by 8% and 13% respectively. His saving is what percent less than that of the previous saving?

    A 12% Correct Answer Incorrect Answer
    B 6% Correct Answer Incorrect Answer
    C 14% Correct Answer Incorrect Answer
    D 8% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Initial Savings = 15000 – 12000 = Rs. 3000 Next year, Income = 15000×(108/100) = Rs.16200 Expenditure = 12000×(113/100) = Rs.13560 Saving = 16200 – 13560 = Rs.2640 Required % = [(3000 – 2640)/3000]×100 = 12%

    Practice Next