Practicing Success
A person can save 25% of his income. If his income increases by 9\(\frac{1}{11}\)% and still he saves the same amount as before, the percentage increase in his expenditure is |
15% 10% 12.12% 11\(\frac{1}{9}\)% |
12.12% |
If the Income is assumed to be 4 Then, savings = 1 expenditure = 3 Increased income = \(\frac{12}{11}\) x 4 = \(\frac{48}{11}\) Savings = 1 Increased Expenditure = 4\(\frac{4}{11}\) - 1 = 3\(\frac{4}{11}\) Increment in expenditure = \(\frac{37}{11}\) - 3 = \(\frac{4}{11}\) Percentage increase in expenditure = \(\frac{\frac{4}{11}}{3}\) x 100 = 12.12% |