A man spends 80% of his income. His income increases by 30% and his expenditure increases by 20%. What is the percentage increase in his savings? MCQ with Answer and Explanation

Question

A man spends 80% of his income. His income increases by 30% and his expenditure increases by 20%. What is the percentage increase in his savings?

A. 80%

B. 70%

C. 50%

D. 60%

Answer: Option B

Solution (By JKSSB Mock Tests)

Let income = 100. Exp = 80. Sav = 20. New income = 130. New Exp = 80 * 1.2 = 96. New Sav = 130 - 96 = 34. Increase = 14. % Increase = (14 / 20) * 100 = 70%.

This question belongs to: Maths Percentage

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Percentage Questions

Question #1

Share Report

In an election, candidate A got 55% votes and B got the rest. If total votes were 2000, how many votes did B get?

A. 800

B. 900

C. 1000

D. 1100

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
B got (100% - 55%) = 45% of 2000 = 900 votes.

This question belongs to: Maths Percentage

Question #2

Share Report

40% of a number exceeds 25% of the same number by 30. What is 75% of the number?

A. 150

B. 180

C. 160

D. 170

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
0.4x - 0.25x = 0.15x = 30 → x = 200. 75% of 200 = 150.

This question belongs to: Maths Percentage

Question #3

Share Report

What is 150% of 40?

A. 60

B. 40

C. 70

D. 50

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
150% of 40 = (150 / 100) * 40 = 1.5 * 40 = 60.

This question belongs to: Maths Percentage

Explore All Percentage MCQs