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

    Register

    Question

    Monthly savings of ‘A’ is Rs. 500 more than his

    monthly expenditure and his total monthly income is Rs. 900. If his monthly income is increased by 40% and his monthly savings is increased by 37.5%, then find the increase in his monthly expenditure
    A Rs. 90.5 Correct Answer Incorrect Answer
    B Rs. 93.5 Correct Answer Incorrect Answer
    C Rs. 97.5 Correct Answer Incorrect Answer
    D Rs. 91.5 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Monthly savings of ‘A’ = (900 + 500)/2 = Rs. 700 Monthly expenditure of ‘A’ = 900 – 700 = Rs. 200 Increased monthly expenditure of ‘A’ = 1.40 × 900 – 1.375 × 700 = Rs. 297.5 Desired increase = 297.5 – 200 = Rs. 97.5

    Practice Next