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

A₹9,248

B₹9,048

C₹9,448

D₹9,648

Answer:

B. ₹9,048

Read Explanation:

An increase of 20% means the new income is 120% of the original.
New Income=7,540×1.2=9,048\text{New Income} = 7,540 \times 1.2 = 9,048


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