Multiple choice

The monthly income of a person was Rs 13500 and his monthly expenditure was Rs 9000. Next year his income increased by 14% and his expenditure increased by 7%. The percent increase in his savings was

  1. 71

  2. 21

  3. 28

  4. 35

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Original savings = 13500 - 9000 = 4500. New income = 13500×1.14 = 15390. New expenditure = 9000×1.07 = 9630. New savings = 15390 - 9630 = 5760. Percentage increase = (5760-4500)/4500 × 100 = 1260/4500 × 100 = 28%.