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Mutual Funds

If a man spen...

Question

If a man spends $70 %$ of his income,what percent does he save?

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Solution

Total income $=$ Rs. $100$
$70 %$ expenses $= 100 \times \frac{70}{100} =$ Rs. $70$
His Savings $= 100 - 70 =$ Rs. $30$
$∴$ Percentage of saving $= \frac{30}{100} \times 100 = 30 %$

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