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    Question

    A person saves 25% of his monthly income. If his monthly

    is increased by 35% and he still saves the same amount as before then find percentage increase (approximate) in his monthly expenditure.
    A 43.75% Correct Answer Incorrect Answer
    B 53.35% Correct Answer Incorrect Answer
    C 46.66% Correct Answer Incorrect Answer
    D 70.35% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let monthly of person is Rs. 100x Monthly savings = 0.25 × 100x = Rs. 25x Monthly expenditure = 100x – 25x = Rs. 75x His increased monthly income = 1.35 × 100x = Rs. 135x His monthly expenditure now = 135x – 25x = 110x Percentage increase in expenditure = [(110x – 75x)/75x] × 100 ~ 46.66%

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