The expenses on food, entertainment and rent are in ratio 12 : 8 : 15 respectively. The expenses on these increased by 20%, 30% and 40%. Find the total expenses increased by what percentage compared to previous one.
The expenses on food, entertainment and rent are in ratio 12 : 8 : 15 respectively. The expenses on these increased by 20%, 30% and 40%. Find the total expenses increased by what percentage compared to previous one. Correct Answer 30.85%
Let the expenses be 120, 80 and 150
Increased expenditure on food = 120 × 1.2 = 144
Increased expenditure on entertainment = 80 × 1.3 = 104
Increased expenditure on rent = 150 × 1.4 = 210
Total expenditure = 144 + 104 + 210 = 458
∴ Percentage increase = × 100 = 30.85%
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Feb 20, 2025