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Mohan’s income is Rs 15500 per month. He saves 11% of his income. If his income increases by 10%, then he reduces his saving by 1%, how much does he save now? |
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Answer» Mohan monthly income is = Rs 15500 Mohan savings is = 11% of 15500 = 15500 × 11/100 = Rs 1705 Monthly income increases by = 10% New monthly income is = 15500 + 10/100 × 15500 = 15500 + 1550 = Rs 17050 When savings reduced by 1% will result in = 11 – 1 = 10% of 17050 New savings = (10/100) × 17050 = Rs 1705 ∴ Savings is Rs 1705, which remains the same even after increment. |
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