The monthly income of a person is Rs. 7,540. If their income is increased by 20%, then, what will be their new monthly income?

Correct option is B

Given:

Original monthly income = Rs. 7,540

Increase = 20%

Formula Used:

New Income = Original Income × $$\left(1 + \frac{\text{Percentage Increase}}{100}\right)$$​​

Solution:

New Income = $$7540 \times \left(1 + \frac{20}{100}\right)$$​​

​$$= 7540 \times 1.2 = 9048$$​​

Thus, The new monthly income is Rs. 9,048