📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    Rajveer's monthly savings exceed his monthly expenses by

    Rs. 1500. If both his monthly salary and savings experience a 10% and 30% increase, respectively, the question is to determine the change in his monthly expenses. It's known that Rajveer's initial monthly salary was Rs. 12500.
    A Rs.750 Correct Answer Incorrect Answer
    B Rs.800 Correct Answer Incorrect Answer
    C Rs.850 Correct Answer Incorrect Answer
    D Rs.835 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Monthly expenditure of Rajveer earlier = (12500 – 1500)/2 = Rs.5500 Monthly savings of Rajveer earlier = 12500 – 5500 = Rs.7000 New monthly salary = 1.10 × 12500 = Rs. 13750 New monthly savings = 1.30 × 7000 = Rs. 9100 New monthly expenditure = 13750 – 9100 = Rs.4650 Decrease in monthly expenditure = 5500 – 4650 = Rs.850

    Practice Next
    More Income and Expenditure Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call