Finding Increase or Decrease Percentage in Situations
A man spends ...
Question
A man spends 75% of his income. If his income is increased by 20% and he increased his expenditure by 10%. By what % will saving increased?
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Solution
Let his income be Rs. 100 Expenditure = Rs. 75 Now Income is increased by 20%
Thus, new income =120 Expenditure is increased by 10%=75×110100= Rs. 82.50 Saving =120−82.50=37.50 Earlier saving =100−75=25 Increase in saving =37.50−2525×100=50%