Practicing Success
A saves 18% of his income. If his income increases by 41% and he still saves the same amount. Find the percentage increase in his expenditure. |
60% 35% 50% 40% |
50% |
Let the income of A originally be 100 Savings = 18 Expenditure = Income - Savings = 100 - 18 = 82 Now, the Income increases by 41% New Income = 141 Savings is the same, i.e. 18 Increased Expenditure =Increased Income - Savings = 141 - 18 = 123 Percentage increase in expenditure = $\frac{123-82}{82}$ x 100 = $\frac{41}{82}$ x 100 = 50% |