Mohan’s income is Rs 15500 per month. He saves 11% of his income. If his income increases by 10% then reduces his saving by 1%, how much does he save now?

Explanation

Mohan monthly income is = Rs 15500
Mohan savings is = `11%` of `15500`
`15500 xx 11/100 `
` Rs 1705`
Monthly income increases by =` 10% `
New monthly income is
`15500 + 10/100 xx 15500 `
`15500 + 1550 `
`Rs 17050` When savings reduced by `1%` will result in
`11 – 1 = 10%` of `17050`
New savings
`(10/100) xx 17050`
`Rs 1705`
Saving is `Rs 1705` which remains the same even after increment