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Paulson spends 75 percent of his income His income is increased by 20 percent and he increased his expenditure by 10 percent. Find the percentage increase in his savings?
Updated: 4/28/2022
Wiki User
∙ 14y agoBest Answer
Set original income to be x and expenses were 0.75x, so he was saving 0.25
Income is now (1+ .2)x=1.2x and expenses are now (1 + .1)(.75)=0.825
savings are now 1.2-0.825=0.375, and .375/.25 = 1.5 so this is a 50% gain in savings.
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∙ 14y agoThis answer is:
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