New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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 × 0.6 = Rs. 30,000

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

    Income of Karan in 2019 = 50000 × 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

    Practice Next