Bissoy.com
Doctors Medicines MCQs Q&A

A person could save 10% of his income. But 2 years later, when his income increased by 20%, he could save the same amount only as before. By how much percentage has his expenditure increased?

A person could save 10% of his income. But 2 years later, when his income increased by 20%, he could save the same amount only as before. By how much percentage has his expenditure increased? Correct Answer 22.22%

Given:

Initial saving by the person = 10% of the income

After 2 years, income increased by 20%

Amount saved by the person = same amount as before

Concept used:

Income = Expenditure + Saving

Calculation:

Let earlier income be 100x

Saving = 10% of 100x

⇒ 10x

Expenditure = 90x

New Income = 100x × (120/100)

⇒ 120x

Savings (same as before) = 10x

Expenditure = (120x – 10x)

⇒ 120x

Increase in Expenditure = (110x – 90x)

⇒ 20x

Percentage increase = (20x/90x) × 100%

⇒ 22.22%

∴ The increase percentage in expenditure is 22.22%

Related Questions

Nagaraj could save 10% of his income. But 2 years later, when his income increased by 20%, he could save the same amount only as before. By how much percentage has his expenditure increased ?
Raman could save 20 percent of his income. But two years later when his income is increased by 50 percent he could save the same amount only as before. By how much percent has his expenditure increased?
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 ?
The line chart given below shows the percentage of net profit of company P and company Q from 2014 to 2018. Net Profit % = \(\frac{({Income}-{Expenditure})}{Expenditure}\times 100\) Which of the following statement(s) is/are correct? I. If the income of company P in the year 2016 was Rs. 7250, then expenditure of the company in that year was Rs.45500. II. If in 2016 the ratio of expenditure of company P to the expenditure of company Q is 4 ∶ 5, then the ratio of income of company P to the income of company Q is 16 ∶ 15.
The pie chart given below shows the expenditure of a family on six different articles A, B, C, D, E and F in a month. Total expenditure on all these six articles is Rs. 42000. Expenditure on a particular article is shown as a percent of total expenditure on all these six articles. Which of the following statement(s) is/are correct? I. Expenditure on article C is Rs. 5560 more than the expenditure on article A. Il. Ratio of expenditure on article A to the expenditure on article D is 5: 4 respectively.
Radha decided to save 25% of her monthly income. But due to her high expenditure, she could only save Rs. 2500, which is 40% of what she wanted to save. By what percent her expenditure was increased?
A’s income is 125 percent of B’s income and A’s expenditure is 60 percent of B’s expenditure. If B saves 30 percent of his income, then how much percentage does A save of his own income?
Study the given table and answer the question that follows. The table shows the income and expenditure of companies A and B from 2015 to 2019 (in ₹ crore). Year Company A Company B   Income Expenditure Income Expenditure 2015 110 90 160 120 2016 150 125 180 125 2017 200 140 225 140 2018 240 175 320 275 2019 300 220 360 300   The difference (in ₹ crore) between the total income of company B in 2015 and 2017 and the total expenditure of company A in 2016 and 2018 is x. The value of x lies between:
In the following question, two statements are numbered as A and B. On solving these statements, we get quantities A and B respectively. Solve both quantities and choose the correct option. Quantity A: Income of A is 25% more than the income of B. If income of A is increased in the ratio 5 ∶ 6 while the income of B increased in the ratio 4 ∶ 5. Then what percent income of A is more than the income of B? Quantity B: Price of a commodity has increased by 25%. By what percent must a consumer reduce its consumption to maintain the expenditure?  
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. Sid has a monthly income of Rs. 60000 out of which every month he saves some amount. He distributes some amount of money among his three sisters and one brother. Out of remaining amount of his income, he spends 40% on other things and rest of the amount is saved by him. What percent of money is received by each sister if each sister receives equal amount? Statement I: Each sister received Rs. 500 less than the amount received by brother and Sid’s other expenditure is Rs. 16800. Statement II: Sid saves Rs. 25200 on every month. Statement III: Each sister and brother received equal amount and saving are Rs. 25200.