Question
If E's income saw an increase of 10% in 2012 and if his expenses remained same, what is the percentage change in his savings as a percentage of his incomes for the two years?
Answer: Option C
:
C
E's income in 2011 = 200
Savings as a percentage of income in 2011= 10%
E's income in 2012 = 220
Savings as a percentage of income in 2012 = (40220) × 100=18.18%
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:
C
E's income in 2011 = 200
Savings as a percentage of income in 2011= 10%
E's income in 2012 = 220
Savings as a percentage of income in 2012 = (40220) × 100=18.18%
So percentage change = 81.8%
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