A man spends 75% of his income. Income increases by 20%, expenditure by 10%. % change in savings: MCQ with Answer and Explanation

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A man spends 75% of his income. Income increases by 20%, expenditure by 10%. % change in savings:

A. 40%

B. 60%

C. 50%

D. 30%

Answer: Option C

Solution (By JKExamLibrary)

Let income 100, exp 75, sav 25. New income 120, exp 82.5, sav 37.5. Increase 12.5 on 25 = 50%.

This question belongs to: Maths Percentage

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Practice More Percentage Questions

Question #1 Report Error

16 2/3 % of 180 is:

A. 25

B. 40

C. 35

D. 30

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Correct Answer: Option D

Explanation:
16 2/3% = 1/6, (1/6)×180 = 30.

This question belongs to: Maths Percentage

Question #2 Report Error

The cost of an article is Rs. 500. It is marked up by 40% and then a discount of 30% is given. What is the selling price?

A. Rs. 470

B. Rs. 480

C. Rs. 460

D. Rs. 490

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Correct Answer: Option D

Explanation:
MP = 500×1.4=700, SP=700×0.7=490.

This question belongs to: Maths Percentage

Question #3 Report Error

A number is increased by 20% and then decreased by 20%. The resulting number is 20 less than the original. Find the original number.

A. 450

B. 400

C. 550

D. 500

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Correct Answer: Option D

Explanation:
1.2×0.8=0.96, 0.96x = x - 20 → 0.04x=20 → x=500.

This question belongs to: Maths Percentage

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