New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Income of Ravi is Rs. 52,800, out of which he spent 35%

    on daily expenses, 5% on phone bills and saves the rest. If his income is increased by 15% and he still saves the same, then what is the increase (in Rs.) in his overall expenses?
    A Rs.5,472 Correct Answer Incorrect Answer
    B Rs.4,250 Correct Answer Incorrect Answer
    C Rs.7,920 Correct Answer Incorrect Answer
    D Rs.2,200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Total expenses of Ravi = 52,800 * (0.35 + 0.05) = 52,800 * 0.40 = Rs. 21,120 Therefore, savings of Ravi = 52,800 - 21,120 = Rs. 31,680 His increased income = 52,800 * 1.15 = Rs. 60,720 His new expenses = 60,720 - 31,680 = Rs. 29,040 Required increase in his expenses = 29,040 - 21,120 = Rs. 7,920

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