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A man spends 80% of his income. With an increase in the cost of living, his expenditure increase in the cost of living, his expenditure increase by 37% and his income increase by 16. His present percent savings are

 

(a)

5%

(b)

5%

(c)

6%

(d)

6%


Question ID - 57217 | Toppr Answer

A man spends 80% of his income. With an increase in the cost of living, his expenditure increase in the cost of living, his expenditure increase by 37% and his income increase by 16. His present percent savings are

 

(a)

5%

(b)

5%

(c)

6%

(d)

6%

1 Answer - 5876 Votes

3537

Answer Key : (b) -

Let the original income = Rs. 100. The, saving = Rs. 20. Expenditure = Rs.80.

New income = Rs. 116 Rs.  

New expenditure = 137% of Rs. 80 =  Rs. 110.

New saving = Rs.  Rs.  

Req. percentage =  5 .



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