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?

Question

Mohan&#x2019;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?

Philoid · Accepted Answer

Monthly income of mohan = Rs.15500

Saving of mohan = 11% of 15500 =

Increase in monthly income = 10%

New monthly income =

New saving percentage = 11 – 1 = 10%

Hence,

New amount of saving =

∴ saving remains same.