A earns 15000 Rs. per month and spends 80% of it. Due to pay revision, his monthly income has increased by 12.5% but due to price rise, he has to spend 22.5% more. His new savings are? |
825 3825 2655 2175 |
2175 |
Income spend saving before → 100 - 80 = 20 ↓+12.5% ↓+22.5% Now → 112.5 - 98 = 14.5
Initial Savings = 15000 × 20% = 3000 Initial saving ratio = 20 New saving ratio = 14.5 Therefore, 20R = 3000 1R = 150 New savings = 14.5 R = 14.5 × 150 = Rs.2175/- |