Practicing Success
A person can save 25% of his income. If his income increases by 20% and still he saves the same amount as before, the percentage increase in his expenditure is ______. |
$26\frac{2}{3}$ 24 $25\frac{1}{3}$ 25 |
$26\frac{2}{3}$ |
Let income of Men = 100x Saving = 25% of 100x = 25x Expenditure = 75x New Income = 100x + 20% of 100x = 120x Saving(same) = 25 New Expenditure = 120x - 25x = 95x Increase percentage in Expenditure= \(\frac{95x - 75x }{75x}\) × 100 = $26\frac{2}{3}$ |