A man saves of his income. If his expenses are increased by , by what percent must his income be raised so that he can save of his new income?
- A
- B
- C
- D
Solution & Step-by-step Explanation
Let the initial income be .
* Initial Savings =
* Initial Expenses =
The expenses increase by :
Let the new income be . He wants to save of his new income, which means his expenses will be of his new income:
The income must increase from to .
* Initial Savings =
* Initial Expenses =
The expenses increase by :
Let the new income be . He wants to save of his new income, which means his expenses will be of his new income:
The income must increase from to .