the income of a p0erson A increase from Rs 12000 to Rs 14000 and the expenditure increases from 40% to 50%. find the percentage increase or decrease in monthly savings of A

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Solution

Dear Student,

$I n c o m e = 12000 e x p e n d i t u r e = 40 % o f 12000 = \frac{40}{100} \times 12000 = 4800 s a v i n g s = i n c o m e - e x p e n s e = 12000 - 4800 = 7200 N e w i n c o m e = 14000 e x p e n d i t u r e = 50 % o f 14000 = \frac{50}{100} \times 14000 = 7000 s a v i n g s = 14000 - 7000 = 7000 d e c r e a s e i n s a v i n g s = 7200 - 7000 = 200 p e r c e n t a g e d e c r e a s e = \frac{200}{7200} \times 100 = 2.77 %$

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the income of a p0erson A increase from Rs 12000 to Rs 14000 and the expenditure increases from 40% to 50%. find the percentage increase or decrease in monthly savings of A

Dear Student, Income=12000expenditure=40% of 12000=40100×12000=4800savings= income -expense=12000-4800=7200New income=14000expenditure=50% of 14000=50100×14000=7000savings=14000-7000=7000decrease in savings=7200-7000=200percentage decrease=2007200×100=2.77% Regards,