Monthly income of Mohit is ₹12800 and his monthly expenditure is ₹ 4000. If his income is decreased by 25% and expenditure is decreased by ₹1000, then find the decrease in his monthly savings?
Correct Answer :
₹ 2200
Solution :
The correct option is ₹ 2200.
Here is the step-by-step breakdown of Mohit's income, expenditure, and savings:
First, let's list the initial values given in the problem:
• Monthly Income = ₹ 12800
• Monthly Expenditure = ₹ 4000
Step 1: Calculate the original monthly savings
Savings are calculated by subtracting the expenditure from the income:
So, Mohit's original monthly savings were ₹ 8800.
Step 2: Calculate the new monthly income
Mohit's income is decreased by 25%. Let's find the amount of this decrease:
Now, calculate the new income:
Step 3: Calculate the new monthly expenditure
The monthly expenditure is decreased by ₹ 1000:
Step 4: Calculate the new monthly savings
Subtract the new expenditure from the new income:
Step 5: Find the decrease in monthly savings
Subtract the new savings from the original savings:
Therefore, the decrease in his monthly savings is ₹ 2200.
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