Question

    The income of a person is Rs.10000 and his expenditure

    is Rs.8000. In the next year his income and expenditure is increased by 8% and 12% respectively. His saving is what percent less than that of the previous saving?
    A 12% Correct Answer Incorrect Answer
    B 6% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 8% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Initial Savings = 10000 – 8000 = Rs. 2000 Next year, Income = 10000 × (108/100) = Rs.10800 Expenditure = 8000 × (112/100) = Rs.8960 Saving = 10800 – 8960 = Rs.1840 Required % = [(2000 – 1840)/2000] × 100 = 8%

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