Question

Every month, Aman saves 6% of his income. Last month he received a 25% hike on his salary but his savings remained the same. Find the increase in his monthly spending.

• A. 26.6%
• B. 25%
• C. 19%
• D. 15.95%

Answer 1

The correct option is A 26.6%

For every 100 Rs. He receives, he saves 6 Rs. Now, his salary has become 125 and he is still saving 6 Rs. Every month. Which means his expenditure has gone up from 94 to 119.
So, the % increase in his expenses $=\frac{119-94}{94}\times 100=26.6\%$