Expenditure of a person is 50% more than his savings. His income increases by 15% and expenditure also increased by 21%. If his savings increases by 240, then find his initial income.
Answer & explanation
Correct answer: option 4
At 50% ⇒ Saving : Expenditure = 2 : 3.
Savings → x% = 15 - 9 = 6% = 240 (given)
Therefore, Savings = 4000
Now,
⇒ Exp. + Savings = Income
⇒ 3R + 2R = 5R
⇒ 2R = 4000
Thus, Income = 5R = 10000