arrow
arrow
arrow
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?
Question

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?

A.

Rs. 9,248

B.

Rs. 9,048

C.

Rs. 9,448

D.

Rs. 9,648

Correct option is B

Given:

Original monthly income = Rs. 7,540

Increase = 20%

Formula Used:

New Income = Original Income × (1+Percentage Increase100)\left(1 + \frac{\text{Percentage Increase}}{100}\right)​​

Solution:

New Income = 7540×(1+20100)7540 \times \left(1 + \frac{20}{100}\right)​​

=7540×1.2=9048= 7540 \times 1.2 = 9048​​

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

Free Tests

Free
Must Attempt

CBT-1 Full Mock Test 1

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

RRB NTPC Graduate Level PYP (Held on 5 Jun 2025 S1)

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

CBT-1 General Awareness Section Test 1

languageIcon English
  • pdpQsnIcon40 Questions
  • pdpsheetsIcon30 Marks
  • timerIcon25 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘RPF Constable’ 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