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

  • google app store apple app store
  • ✖

      Question

      In 2019 when his income was Rs. 40,000, Ramesh spent 50% of

      his income and saved the rest. In 2020, if his income increased by 10% and his expenditure increased by Rs. 1,000, then by how much did his savings increase as compared to that in 2019?
      A Rs.3250 Correct Answer Incorrect Answer
      B Rs.3200 Correct Answer Incorrect Answer
      C Rs.4580 Correct Answer Incorrect Answer
      D Rs.3000 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Amount spent by Ramesh in 2019 = 40000 × 0.5 = Rs. 20,000

      Amount saved by Ramesh in 2019 = 40000 - 20000 = Rs. 20,000

      Income of Ramesh in 2020 = 40000 × 1.1 = Rs. 44,000

      Amount spent by Ramesh in 2020 = 20000 + 1000 = Rs. 21,000

      So, amount saved by Ramesh in 2020 = 44000 - 21000 = Rs. 23,000

      Increase in savings as compared to 2019 = 23000 - 20000 = Rs. 3,000

      Practice Next
      ask-question