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    Question

    The income of a person is Rs.15000 and his expenditure

    is Rs.11000. In the next year his income and expenditure are increased by 8% and 16% respectively. His saving is what percent less than that of the previous saving?
    A 10% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 14% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer
    E 16% Correct Answer Incorrect Answer

    Solution

    Initial Savings = 15000 – 11000 = Rs. 4000 Next year, Income = 15000×(108/100) = Rs.16200 Expenditure = 11000×(116/100) = Rs.12760 Saving = 16200 – 12760 = Rs.3440 Required % = [(4000 – 3440)/4000]×100 = 14%

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