New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Monthly income of A is Rs. 7000 and he saves 28% of his

    monthly income. If monthly expenditure of A is decreased by 35% while his monthly savings is increased by 35% then find the increase or decrease in his monthly income.
    A 18.5% increase Correct Answer Incorrect Answer
    B 15.4% decrease Correct Answer Incorrect Answer
    C 16.5% increase Correct Answer Incorrect Answer
    D 17.5% decrease Correct Answer Incorrect Answer
    E 9.5% increase Correct Answer Incorrect Answer

    Solution

    Monthly savings and expenditure of A initially is Rs. 1960 and Rs. 5040, respectively. Monthly expenditure of A now = 0.65 × 5040 = Rs. 3276 Monthly savings of A now = 1.35 × 1960 = Rs. 2646 Monthly income of A now = 3276 + 2646 = Rs. 5922 Desired percentage decrease = [(7000 – 5922)/7000] × 100 = 15.4%

    Practice Next