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Question

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,


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,

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