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      Question

      In 2018 when his income was Rs. 50,000, Karan spent 60% of

      his income and saved the rest. In 2019, if his income increased by 25% and his expenditure increased by Rs. 1,500, then by how much did his savings increase as compared to that in 2018?
      A Rs.13250 Correct Answer Incorrect Answer
      B Rs.11000 Correct Answer Incorrect Answer
      C Rs.14580 Correct Answer Incorrect Answer
      D Rs.13000 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Amount spent by Karan in 2018 = 50000 ├Ч 0.6 = Rs. 30,000

      Amount saved by Karan in 2018 = 50000 - 30000 = Rs. 20,000

      Income of Karan in 2019 = 50000 ├Ч 1.25 = Rs. 62,500

      Amount spent by Karan in 2019 = 30000 + 1500 = Rs. 31,500

      So, amount saved by Karan in 2019 = 62500 - 31500 = Rs. 31,000

      Increase in savings as compared to 2018 = 31000 - 20000 = Rs. 11,000

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