Question
In 2020 when his income was Rs. 25,000, Arjun spent 30% of
his income and saved the rest. In 2021, if his income increased by 15% and his expenditure increased by Rs. 500, then by how much did his savings increase as compared to that in 2020?Solution
ATQ,
Amount spent by Arjun in 2020 = 25000 × 0.3 = Rs. 7,500
Amount saved by Arjun in 2020 = 25000 - 7500 = Rs. 17,500
Income of Arjun in 2021 = 25000 × 1.15 = Rs. 28,750
Amount spent by Arjun in 2021 = 7500 + 500 = Rs. 8,000
So, amount saved by Arjun in 2021 = 28750 - 8000 = Rs. 20,750
Increase in savings as compared to 2020 = 20750 - 17500 = Rs. 3,250
The 73rd and 74th Amendments (Parts IX & IXA) of the Constitution introduced a threetier local government and reservation provisions. Under these amendm...
Under Section 13 of the Transfer of Property Act, 1882, a transfer can be:
Except in case of death or disablement due to accident or disease of an employee the eligibility condition for obtaining gratuity under Payment of Grat...
Provisions as to the Administration of Tribal Areas as to Assam, Meghalaya, Tripura and Mizoram is in which schedule of the Constitution of India?
In the case of Ram Chandra Vs. Man Singh 1968 , the Supreme Court has held that a decree passed against a minor without appointment of a guardian is- <...
For Dowry death, which kind of presumption exists under BSA?Â
The "Doctrine of Necessity" in administrative law allows:
 In which of the following situations a joint sitting can be summoned of both houses of the parliament?
If the positions of President and Vice President are vacant, who among the following officiates as the President of India
According to the Consumer Protection Act, 2019 which are the rights of consumers?
