Question : A person saves
Option 1: 18%
Option 2: 14%
Option 3: 16%
Option 4: 22%
Correct Answer: 14%
Solution :
Given:
Savings of the man =
Let the original income be
⇒ Original Savings =
So, Original Expenditure
According to the question,
New savings
New expenditure
The new income
So, the percentage increase in income =
Hence, the correct answer is 14%.
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