The monthly income of a person was Rs. 13500 and his monthly expenditure was Rs. 9000. Next year, his income increased by 14% and his expenditure by 7%. What was the percentage increase in his savings?
18%
32%
21%
none of these
A
21%
B
18%
C
32%
D
none of these
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Solution
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Income at present = Rs. 13500 Expenditure at present = Rs. 9000 ∴ Savings at present = Rs. 13500− Rs. 9000= Rs. 4500 Income next year = Rs. 13500+14% of Rs. 13500=114100× Rs. 13500= Rs. 15390
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