Question
Sanjay saves 40% of his monthly income. If his monthly
income increases by 12% while his monthly savings remain the same, find the increase in his monthly expenditure.Solution
ATQ,
Let the monthly income of Sanjay be Rs. 100x.
So, monthly savings of Sanjay = 0.40 × 100x = Rs. 40x
Monthly expenditure of Sanjay = 100x – 40x = Rs. 60x
Monthly income of Sanjay after increase = 1.12 × 100x = Rs. 112x
Monthly expenditure of Sanjay after increase = 112x – 40x = 72x
Desired percentage = [(72x – 60x)/60x] × 100 = 20%
__________Â is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the com...
Which recent feature/platform was introduced by Clearcorp (a subsidiary of CCIL) for the FX market?
Which type of accounting uses Generally Accepted Accounting Principles (GAAP) to ensure consistency and accuracy in reporting financial information?
Which of the following statement/s is/are NOT correct about Limited Liability Partnership (LLP)?Â
i.            LLP is a not a s...
In the context of Indian economy, ‘Open Market Operations’ refers to:
When the central bank (RBI) sells stocks and bonds in the market, the amount of money in the bank _______.
A company has 10 million shares of face value Rs.10 each, issued in the market. The current book value of the share is Rs.30 and market price is Rs.50...
From the given, which market operates around the clock -
Which of the following days is known as ‘GST Day’?Â
Which of the following is true about the Debit Card of the Banks?
I. By Automated Teller Machine customers can deposit or withdraw money fro...
