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The monthly income of a person is ₹45,000. If his income is increased by 25%, then find his new monthly income (in ₹).
Question

The monthly income of a person is ₹45,000. If his income is increased by 25%, then find his new monthly income (in ₹).

A.

55, 500

B.

58, 250

C.

56, 250

D.

11, 250

Correct option is C

Given:

Monthly income of a person = ₹45,000

Increment in income = 25%

Formula Used:

Increased value = Percentage increase100× Original Value \frac{ \text{Percentage increase}}{100} \times \text{ Original Value}​​

Solution:

Increase in in income = 45000 + 25% of 45000 

45000+25100×45000=45000 + \frac{25}{100}\times 45000 =​ 45000+11250=56,250 45000 + 11250 = \bf ₹56,250 

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