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Question
Mr. Sharma has a monthly salary of ₹ 8,000. If he spends ₹ 6,400 every month; find:
(i) his monthly expenditure as a percent.
(ii) his monthly savings as a percent.
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Solution
Monthly salary of Mr. Sharma = ₹ 8000
He spends every month = ₹ 6400
His savings = ₹ 8000 – 6400 = ₹ 1600
(i) Percent expenditure = `6400/8000xx100%`
= 80%
(ii) Percent savings = `1600/8000xx100%`
= 20%
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