Question 59

Rahul's monthly income is at ₹1,50,000. Of this, he saves at ₹1,500. Find the percentage of his savings.

Solution

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Monthly income = ₹1,50,000

Savings = ₹1,500

Percentage of his savings = $$\frac{1,500}{1,50,000}\times\ 100$$

= $$\frac{150000}{150000}$$

= 1%

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