Knowee
Questions
Features
Study Tools

Amina saves 16% of her income. Now her income is increased by 20% but she still saves the same amount as before. What is the percentage increase in her expenditure?

Question

Amina saves 16% of her income. Now her income is increased by 20% but she still saves the same amount as before. What is the percentage increase in her expenditure?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Sure, let's break it down:

  1. Let's assume Amina's initial income was 100(wecanuseanyamount,but100 (we can use any amount, but 100 makes the percentages easy to calculate). So, she was saving 16% of 100,whichis100, which is 16.

  2. Now, her income is increased by 20%. So, her new income is 120(120 (100 + 20% of $100).

  3. Even though her income has increased, she still saves the same amount as before, which is $16.

  4. Her initial expenditure was the difference between her income and her savings. So, it was 100100 - 16 = $84.

  5. Her new expenditure is the difference between her new income and her savings. So, it's 120120 - 16 = $104.

  6. The increase in her expenditure is the difference between her new expenditure and her initial expenditure. So, it's 104104 - 84 = $20.

  7. To find the percentage increase in her expenditure, we divide the increase by the initial amount and then multiply by 100. So, it's (20/20 / 84) * 100 = approximately 23.81%.

So, the percentage increase in Amina's expenditure is approximately 23.81%.

This problem has been solved

Similar Questions

A person can save 25% of his income. If his income increases by 20% and still he saves the same amount as before, the percentage increase in his expenditure is?Options25 1/𝟑%24%26 2/𝟑%25%

A spends 60% of his salary and saves the remaining.  His salary is increased by 25% and he increased his expenditure by 20%.  By what % does his saving increase?

A saves 12% of her income. If she spends Rs.2,16,128,then her income is?

A person spends 60% of his income. If his income increases by 15% and expenditure increases by 5%, then find percentage change on his savings?

The ratio of expenditure and savings of a person is 5 : 3. If the income increases by 20% and the expenditure increases by 10%, then the person’s savings increase by?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.