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      Question

      Monthly income of P is Rs.19000 and his monthly savings

      is Rs.9500. If his monthly income is decreased by 30% and monthly expenditure is decreased by 20% then find the percentage decrease in his monthly savings.
      A 29% Correct Answer Incorrect Answer
      B 47% Correct Answer Incorrect Answer
      C 34% Correct Answer Incorrect Answer
      D 65% Correct Answer Incorrect Answer
      E 40% Correct Answer Incorrect Answer

      Solution

      Expenditure of P = Rs.(19000 – 9500) = Rs.9500 New Saving = (0.7 Γ— 19000 - 0.8 Γ— 9500) = 13300 - 7600 = Rs.5700 Decrease % in Saving = [(9500 - 5700)/9500] Γ— 100 = 40%

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