arrow
arrow
arrow
Mr. X has a monthly income of $26,500 and his monthly expenditure is $20,500. The next year, his salary is increased by 12% and expenditure is increas
Question

Mr. X has a monthly income of $26,500 and his monthly expenditure is $20,500. The next year, his salary is increased by 12% and expenditure is increased by 6%. His savings increase by how much percent?

A.

32.5%

B.

27.3%

C.

32.0%

D.

34.7%

Correct option is A

Given:
Initial monthly income of Mr. X = $26,500
Initial monthly expenditure of Mr. X = $20,500
Salary increase = 12%
Expenditure increase = 6%
Formula Used:
Savings = Income - Expenditure
Percentage increase in savings = New SavingsOld SavingsOld Savings×100\frac{\text{New Savings} - \text{Old Savings}}{\text{Old Savings}} \times 100 
Solution: 

Free Tests

Free
Must Attempt

SSC GD PYP (Held on 4 Feb 2025 S1)

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Hindi Section Test 1

languageIcon English
  • pdpQsnIcon20 Questions
  • pdpsheetsIcon40 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

SSC GD Constable Full Mock Test 1

languageIcon English
  • pdpQsnIcon80 Questions
  • pdpsheetsIcon160 Marks
  • timerIcon60 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘SSC CGL Tier I’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
353k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow