Raj’s income is ₹45,000 and his expenditure is ₹33,000. If his income increases by 20% and expenditure increases by 12%, then by what percentage will his savings increase?
Raj’s income is ₹45,000 and his expenditure is ₹33,000. If his income increases by 20% and expenditure increases by 12%, then by what percentage will his savings increase?
राज की आय ₹45,000 और व्यय ₹33,000 है। यदि उसकी आय में 20% तथा व्यय में 12% की वृद्धि हो जाए, तो उसकी बचत कितने प्रतिशत बढ़ेगी?
Detailed Solution & Logic
42%
Raj's current savings are 45,000−33,000=12,000
20% increase in income 45,000 x 1.20=54,00
12% increase in expenditure 33,00×1.12=36,96
His new savings will be 54,00−36,96=17,04
The increase in savings is 17,04−12,00=5,04
increase percentage = $ \frac{504}{1200}\times100$ = 42 %
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