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Arbind spends 75% of his income and saves the rest. His income is increasesd by 20% and he increases his expenditure by 10%. Then the increase in savings in percentage is
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- 55%
- 52%
- 50%
- 48%
Correct Option: C
Let Arbind’s income = ₹ 100
Expenditure = ₹ 75
Savings = ₹ 25
New income = ₹ 120
Expenditure = 75 + 7.5 = ₹ 82.5
Savings = 120 – 82.5 = ₹ 37.5
Required percentage = | × 100 = 50% | |
25 |