Practicing Success
The expenditure on the cost of living of a man and his family is 60% of his salary. He gets two increment of 30% and 60% in his salary. If his saving increases by 250% of his initial saving, then the new cost of living expenditure is what percentage (rounded off to the nearest integer) of the increased salary? |
32.7 Percent 43.6 Percent 29.5 Percent 36.6 Percent |
32.7 Percent |
Let initial Income = 100X Expenditure = 60X Saving = Income - Expenditure = 100X - 60X = 40X Now , New Income = 100X × \(\frac{130}{100}\) × \(\frac{160}{100}\) = 208X New Saving = 40X + 250% of 40X = 40X + 100X = 140X Expenditure = 208X - 140X = 68X Required Percentage = \(\frac{68X}{140X}\) × 100 = 32.692% = 32.7% |