A person could save 10% of his income. But 2 years hence, when his income increased by 20%, he could save the same amount only as before. By how much % has his expenditure increased? |
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a) |
22% |
b) |
23% |
c) |
24% |
d) |
25% |

A person could save 10% of his income. But 2 years hence, when his income increased by 20%, he could save the same amount only as before. By how much % has his expenditure increased? |
|||||||

a) |
22% |
b) |
23% |
c) |
24% |
d) |
25% |

1 Answer

127 votes

Let the original income be

Savings = 10% of

∴ Expenditure =

Now, 2 years hence salary (increased by 20%)=

∴ Savings (after increase) is same as before =

Now, new expenditure=

∴ % increase in expenditure =

=

127 votes

127