Finding Increase or Decrease Percentage in Situations
Mira's expend...
Question
Mira's expenditure and savings are in the ratio 3:2. Her income increases by 10%. Her expenditure also increases by 12%. By how much % do her savings increases?
A
7%
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B
9%
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C
10%
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D
13%
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Solution
The correct option is D7% Let Mira's expenditure and savings be 3x and 2x respectively.
Then her income =5x Increased income =110100×5x=5.5x Increased expenditure =112100×3x=3.36x ∴ Increased savings =5.5x−3.36x=2.14x ∴% increase in savings =(2.14x−2x2x×100)%=(0.14x2x×100)%=7%