Question : A man spends
Option 1: 6%
Option 2: 2%
Option 3: 4%
Option 4: 1%
Correct Answer: 2%
Solution :
Let the income of the man be Rs. 300.
Expenditure of the man = 300 × (
Savings of the man = 300 – 200 = Rs. 100
New income of the man = 300 × (
New expenditure of the man = 200 × (
New savings of the man = 342 – 240 = Rs. 102
Required percentage =
Hence, the correct answer is 2%.