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    Question

    In 2023, Meena spends 65% of her salary. In 2024, her

    salary increased by 35%, and she raised her expenditure by 25%. What is the percentage increment in her savings?
    A 48.33% Correct Answer Incorrect Answer
    B 40.65% Correct Answer Incorrect Answer
    C 53.57% Correct Answer Incorrect Answer
    D 63.33% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the income of Meena in 2023 be Rs. 100e

    Expenditure of Meena in 2023 = 0.65 × 100e = Rs. 65e

    Savings of Meena in 2023 = 100e - 65e = Rs. 35e

    Income of Meena in 2024 = 1.35 × 100e = Rs. 135e

    Expenditure of Meena in 2024 = 1.25 × 65e = Rs. 81.25e

    Savings of Meena in 2024 = 135e - 81.25e = Rs. 53.75e

    Therefore, percentage increase in savings = [(53.75e - 35e) ÷ 35e] × 100 = 53.57%

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