The salary of Amit is 75% of the salary of Aman. The salary of Amit increases by 40% and the salary of Aman increases by 10%. By what approximate percentage is the new salary of Aman more than the new salary of Amit ?
Answer & explanation
Correct answer: option 4
Let salary of Aman = 100x
Salary of Amit = 75% of 100x = 75x
Increased salary of Amit = 75x + 40% of 75x
= 75x + 30x = 105x
Increased salary of Aman = 100x + 10% of 100x = 110x
required percentage = \(\frac{110x - 105x}{105x}\) × 100 = 4.76%
= 4.8% (approx.)