Let's solve this step by step:

1. Let's assume the person's initial income is $100. So, he saves 25% of $100, which is $25.

2. His expenditure is the income minus savings, which is $100 - $25 = $75.

3. Now, his income increases by 20%. So, the new income is $100 + 20% of $100 = $120.

4. He still saves the same amount as before, which is $25. So, his new expenditure is the new income minus savings, which is $120 - $25 = $95.

5. The increase in expenditure is the new expenditure minus the old expenditure, which is $95 - $75 = $20.

6. To find the percentage increase in his expenditure, we divide the increase in expenditure by the old expenditure and multiply by 100. So, the percentage increase in expenditure is ($20 / $75) * 100 = 26.67%.

So, the answer is 26 2/3%.

Question

Let's solve this step by step:

1. Let's assume the person's initial income is $100. So, he saves 25% of $100, which is $25.

2. His expenditure is the income minus savings, which is $100 - $25 = $75.

3. Now, his income increases by 20%. So, the new income is $100 + 20% of $100 = $120.

4. He still saves the same amount as before, which is $25. So, his new expenditure is the new income minus savings, which is $120 - $25 = $95.

5. The increase in expenditure is the new expenditure minus the old expenditure, which is $95 - $75 = $20.

6. To find the percentage increase in his expenditure, we divide the increase in expenditure by the old expenditure and multiply by 100. So, the percentage increase in expenditure is ($20 / $75) * 100 = 26.67%.

So, the answer is 26 2/3%.

Knowee AI · Accepted Answer

Let's solve this step by step:

1. Let's assume the person's initial income is $100. So, he saves 25% of $100, which is $25.

2. His expenditure is the income minus savings, which is $100 - $25 = $75.

3. Now, his income increases by 20%. So, the new income is $100 + 20% of $100 = $120.

4. He still saves the same amount as before, which is $25. So, his new expenditure is the new income minus savings, which is $120 - $25 = $95.

5. The increase in expenditure is the new expenditure minus the old expenditure, which is $95 - $75 = $20.

6. To find the percentage increase in his expenditure, we divide the increase in expenditure by the old expenditure and multiply by 100. So, the percentage increase in expenditure is ($20 / $75) * 100 = 26.67%.

So, the answer is 26 2/3%.

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%

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