Bhavya earns Rs.50,000 per month and spends 80% of it.Due to pay revision,her monthly increases by 20% but due to price rise,she has to spend 20% more.Find her new savings.

Dear Student,

Given, Bhavya's income=Rs 50,000And he spends=80% of his incomeNow, income increases 20% and spend 20% more. So,Bhavya's new income=Rs 50000+20% of Rs 50000                                      =Rs50000+20100×Rs 50000                                      =Rs 50000+Rs 10000                                      =Rs 60000Bhavya's new spending=80% of 50000+20% of 80% of 50000                                      =80100×50000+20100×80100×50000                                      =40000+8000                                      =Rs 48000Thus, New saving=Rs 60000-Rs 48000=Rs 12000  Answer
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