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    Question

    Arjun sets aside 20% of his monthly earnings. If his

    monthly expenses rise by 45% while his monthly savings remain constant, determine the % increase in his monthly income.
    A 85% Correct Answer Incorrect Answer
    B 36% Correct Answer Incorrect Answer
    C 65% Correct Answer Incorrect Answer
    D 45% Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let monthly income of Arjun initially be Rs.100a Monthly savings of Arjun initially = 0.20 ├Ч 100a = Rs.20a Monthly expenditure of Arjun initially = 100a тАУ 20a = Rs.80a Increased monthly expenditure = 1.45 ├Ч 80a = Rs.116a So, Increased monthly income = 116a + 20a = Rs.136a Desired percentage = [(136a тАУ 100a)/100a] ├Ч 100 = 36%

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