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Question 57
Amina saves 16% of her income. Now her income is increased by 20 % but she still saves the same amount as before. What is the percentage increase in her expenditure?
Solution
let the income be Rs 100
Savings=Rs 16
Expenditure=100-16
=Rs 84
New income=100*1.2
=Rs 120
Savings =Rs 16
Expenditure=Rs 104
Percentage increase in the expenditure=((104-84)/84)*100
=2000/84
=23.8%
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