Practicing Success
The monthly salary of a person was ₹50,000. He used to spend on three heads- personal and family expenses (E), taxes (T), philanthropy (P), and rest were his savings. E was 50% of the income, T was 20% of E and P was 15% of T. When his salary got raised by 40%, he maintained the percentage level of E, but T became 30% of E and P became 20% of T. By whatpercentage is the new savings more or less than the earlier savings? (correct up to one decimal place) |
16.4% less 8.2% more 8.2% less 16.4% more |
16.4% more |
Let total income of person be 100 His savings increased by (in%) = \(\frac{6.3}{38.5}\) × 100 = 16.4% more |