arrow
arrow
arrow
The income of Raman is ₹83,000. He saves 16% of his income. If his income increases by 22% and expenditure increases by 25%, then his savings will:
Question

The income of Raman is ₹83,000. He saves 16% of his income. If his income increases by 22% and expenditure increases by 25%, then his savings will:

A.

increase by ₹830

B.

increase by ₹827

C.

decrease by ₹828

D.

decrease by ₹833

Correct option is A

Given
Initial Income = ₹83,000
Initial Savings = 16% of Income
Income increase = 22%
Expenditure increase = 25%
Formula Used
Income = Expenditure + Savings
Savings = Income - Expenditure
Solution
Initial Savings = 16% of 83000 = 16100×83000=13280\frac{16}{100} × 83000 = 13280​​
Initial Expenditure = 83000 - 13280 = 69720
New Income = 83000 × (1+22100)=83000×1.22=101260 (1 + \frac{22}{100}) = 83000 × 1.22 = 101260​​
New Expenditure = 69720×(1+25100)=69720×1.25=8715069720 × (1 + \frac{25}{100}) = 69720 × 1.25 = 87150​​
New Savings = 101260 - 87150 = 14110
Change in Savings = New Savings - Initial Savings
Change = 14110 - 13280 = 830 (Increase)
Final Answer
So the correct answer is (a)

Free Tests

Free
Must Attempt

RRB NTPC UG Level PYP (Held on 7 Aug 2025 S1)

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

CBT-1 Full Mock Test 1

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English
Free
Must Attempt

RRB Group D Full Mock Test 1

languageIcon English
  • pdpQsnIcon100 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon90 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘RRB Group D’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
530k+ students have already unlocked exclusive benefits with Test Prime!

Similar Questions

Our Plans
Monthsup-arrow