📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A college student spends 75% of his pocket money. When

    the pocket money increased by 20%, the expenditure also increased by 15%. What is the increase in the savings?
    A 25% Correct Answer Incorrect Answer
    B 55% Correct Answer Incorrect Answer
    C 35% Correct Answer Incorrect Answer
    D 45% Correct Answer Incorrect Answer

    Solution

    Let the pocket money =100 Spends =75% Saving =100-75=25 20% increase in pocket money =120 And 15% increase in expenditure =75×115/100 =86.25 Saving =120-86.25 =33.75. Increasing in saving =33.75-25=8.75 Percent =8.75/25 ×100 =35%

    Practice Next
    More Previous year papers Questions

    Relevant for Exams:

    ask-question