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      Question

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

      is Rs.12000. In the next year his income and expenditure is increased by 8% and 13% 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 14% Correct Answer Incorrect Answer
      D 8% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Initial Savings = 15000 тАУ 12000 = Rs. 3000 Next year, Income = 15000┬а├Ч┬а(108/100) = Rs.16200 Expenditure = 12000┬а├Ч┬а(113/100) = Rs.13560 Saving = 16200 тАУ 13560 = Rs.2640 Required % = [(3000 тАУ 2640)/3000]┬а├Ч┬а100 = 12%

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