A man's income Rs. 15000. Spends 40% food, 20% rent, 15% education, 10% others. By what % reduce food expenditure to increase savings by 25%? MCQ with Answer and Explanation

A man's income Rs. 15000. Spends 40% food, 20% rent, 15% education, 10% others. By what % reduce food expenditure to increase savings by 25%?
A. 10%
B. 12.5%
C. 9.375%
D. 8.5%
Answer: Option C
Solution (By JKExamLibrary)
Present savings 15% = 2250, food=6000. New savings 2812.5, increase 562.5 from food reduction. % reduction = (562.5/6000)×100 = 9.375%.

This question belongs to: Maths Percentage

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