Q.

Peter could save 10% of his income. But two years later when his income is increased by 20%, he could save the same amount only as before. By how much percent has his expenditure increased?

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a

24%

b

22%

c

2229%

d

2313%

answer is B.

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Detailed Solution

Let original incorne +  100. Then, saving ==10 and expenditure= 90. New income= 120. 

New saving=? I 0. 

Now expenditure =(120- 10) = f 110. Increase in expenditure= (110-90)= 20

 Increase % =2090×100%=2229%

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Peter could save 10% of his income. But two years later when his income is increased by 20%, he could save the same amount only as before. By how much percent has his expenditure increased?