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.

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Solution

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 =119−9494×100=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 =119−9494×100=26.6%

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