Question
The monthly salary of a person was Rs 50,000. He used
to spend on three heads- personal and family expenses (E), taxes (T), philanthropy (P), and rest were his savings. E was 50% of the income. T was 20% of E and P was 15% of T. When his salary got raised by 40%. he maintained the percentage level of E, but T became 30% of E and P became 20% of T. By what percentage is the new savings more or less than the earlier savings? (correct up to one decimal place)Solution
The correct answer is A
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