Management Aptitude Test 2014 Paper

Question : 109 of 200

Marks: +1, -0

A person saves 6% of his income. 2 yr later, his income shoots up by 15% but his savings remain the same. Find the hike in his expenditure (in approx per cent).

13.65%
12.45%
14.85%
15.95%

Validate

Solution:

(d) Let, the person’s income = ₹ 100
and savings = 6% of ₹ 100 = ₹ 6
Expenditure = 100 - 6 = ₹ 94
2 yr later, his income = 100 + 15% of 100 = 100 + 15 = ₹ 115
Now, savings = ₹ 6
∴ Expenditure = 115 - 6 = ₹ 109
So, percentage like in expenditure
=

{109- 94}/94

x 100%
=

15/94

x 100%
= 15.95%

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