Question
Neha spends 80% of her monthly income. Next month, her
income increased by 20% while her expenditure increased by 15%. Due to this, her monthly savings were increased by 'R'%. Find the value of 'R'. (Answer should be rounded off to two decimal points)Solution
ATQ, Let the initial monthly income of Neha be Rs. '100p'. Monthly expenditure of Neha = 80% of 100p = (0.80) × 100p = Rs. '80p' Monthly savings of Neha = 100p - 80p = Rs. '20p' New monthly income of Neha = 120% of 100p = (1.20) × 100p = Rs. '120p' New monthly expenditure of Neha = 115% of 80p = (1.15) × 80p = Rs. '92p' New monthly savings of Neha = 120p - 92p = Rs. '28p' Increase in monthly savings = 28p - 20p = Rs. '8p' Required percentage = (8p/20p) × 100 ~ 40%
Online stock broking firm Groww has announced that it has received the approval of the Securities and Exchange Board of India (SEBI) to launch its first...
Which Ramsar site in India is known as Asia’s largest brackish water lagoon?
Which initiative was launched by the central government to enhance the tourism sector in India?
A study published in the Indian Journal of Traditional Knowledge highlighted the effectiveness of which traditional drug system in reducing anemia among...
National Mountaineering Day in India is celebrated on:
Which of the following city received the best city award in Safai Mitra Suraksha Swachh Survekshan 2022 award?
What is NOT correct about CRR (Cash Reserve Ratio)?
i. The CRR is determined by a percentage of Net Demand and Time Liabilities
ii. Invest...
On which date will Francis Ford Coppola receive the AFI Life Achievement Award?
In which country did Aaryan Varshney secure his final GM norm?
What does Microsoft’s BioEmu AI model achieve prediction accuracy within?
Relevant for Exams:
