The income of a person is ₹80000 and his expenditure is ₹45000. His income is increased by 15 percent and expenditure is increased by 20 percent. What will be the value of his new savings?
A.₹42000
B.₹38000✓ Correct
C.₹35000
D.₹45000
Explanation
New income = 80000 × 1.15 = ₹92000. New expenditure = 45000 × 1.20 = ₹54000. New savings = 92000 − 54000 = ₹38000.
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