Question
Monthly income of P is Rs.20000 and his monthly savings
is Rs.12000. If his monthly income is decreased by 40% and monthly expenditure is decreased by 30% then find the approximate percentage decrease in his monthly savings.Solution
Expenditure of P = Rs.(20000 – 12000) = Rs.8000 New Saving = (0.6 × 20000 - 0.7 × 8000) = 12000 - 5600 = Rs.6400 Decrease % in Saving = [(12000 - 6400)/12000] × 100 = 47%
What is a key aspect of ethical decision-making?
What is the core objective of SIDBI’s collaboration with Mitti Social Initiatives Foundation (MSIF)?
According to the Companies Act, which of the following statements accurately describes the rules regarding the issuance of shares at a discount?
Opening Cash & Bank Balance = ₹1,20,000
Closing Cash & Bank Balance = ₹2,00,000
Net Increase in Working Capital during the year = ₹8...
When the decision-making authority is completely left to the team members, it denotes which style of management?
What is the fiscal-deficit target for the financial year 2025-26 in the Union Budget 2025‑26 of India?
What is the Minimum Holding Period (MHP) for loans with a tenor of up to 2 years before they can be transferred by the transferor?
What is the maximum one can deposit in the Sukanya Samriddhi Account?
According to RBI guidelines, what is the timeline for banks to process credit decisions for loans up to ₹25 lakh for MSE units?
The cost of capital for a firm _______.
Relevant for Exams:
