Allied & ICAR Exam Bank • ALLIED_2245 NAT • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

An executive spends 60% of income. When his income rises by 25% and expenses rise by 15%, his savings increase by what percentage?

Answer Key:

40

Step-by-Step Solution & Explanation

Let income $= 100$, exp $= 60$, savings $= 40$. New income $= 125$, new exp $= 60 \times 1.15 = 69$. New savings $= 125 - 69 = 56$. Increase in savings $= (56 - 40)/40 \times 100 = 40\%$.
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