Mohan’s income is Rs 15500 per month. He saves 11%. of his income. If his income increases by 10%, then he reduces his saving by 1%, how much does he save now?
Monthly income of mohan = Rs.15500
Saving of mohan = 11% of 15500 =
Increase in monthly income = 10%
New monthly income =
New saving percentage = 11 – 1 = 10%
Hence,
New amount of saving =
∴ saving remains same.