Rahul save 5% of its income after increment is salary increases by 20% but its saving remains the same then calculate the increase in his expenditure
Rahul save 5% of its income after increment is salary increases by 20% but its saving remains the same then calculate the increase in his expenditure
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Answer:
Considering his income 100.
Expenditure = 60 ,Savings =40
New Income= 115 (15%of 100+100)
Expenditure Increased by 5% means , 5% of 60 +60 = 63
New Savings = 115–63 = 52
New Increase in Savings = 52–40 =12
Increase in %= (12/40) *100 = 30%