Question

Tushar spends 70% of his earning. His earning increased by 35% and his expenses increased by 30%. By what percent did his savings increase?

• A. 38%
• B. 43 1/3 %
• C. 52%
• D. 46 2/3 %

Answer 1

Answer:

D. 46 2/3 %

Suppose Tushar earns Rs 100
His expense = Rs 70
savings = Rs 30
New income = 100*135/100 = Rs 135
New expenditure = 70*130/100 = Rs 91
new savings = 135 – 91 = Rs 44
Savings increase = 44 – 30 = Rs 14
Required percentage increase = (14/30)*100 = 140/3%