Naresh's monthly income is reduced by 15%. By what percentage his monthly income must be increased so that it is again equal to his original monthly income?
Answer & explanation
Correct answer: option 3
Let the monthly income be 100
After reduction of 15% = 85
Increase = 100 - 85 = 15
Percentage increase = \(\frac{15 }{85 }\) x 100 = 17.6%