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Monthly income of Ramesh is Rs. 5000 and...

Monthly income of Ramesh is Rs. 5000 and he spends it in ratio 2 : 5 on clothes and food. If price of clothes is increased by `10%` and price of food is increased by `20%` , then by how much percent his income should be increased so that the ratio of his expenditure remains the same.

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To solve the problem step by step, we will follow the given information and calculations systematically. ### Step 1: Determine Ramesh's Expenditure on Clothes and Food Ramesh's monthly income is Rs. 5000, and he spends it in the ratio of 2:5 on clothes and food. **Calculation:** - Total parts in the ratio = 2 + 5 = 7 parts - Expenditure on clothes = (2/7) * 5000 = Rs. 1428.57 (approximately) - Expenditure on food = (5/7) * 5000 = Rs. 3571.43 (approximately) ### Step 2: Calculate the New Prices After Increases The price of clothes is increased by 10%, and the price of food is increased by 20%. **Calculation:** - New expenditure on clothes = 1428.57 + (10/100 * 1428.57) = 1428.57 + 142.86 = Rs. 1571.43 (approximately) - New expenditure on food = 3571.43 + (20/100 * 3571.43) = 3571.43 + 714.29 = Rs. 4285.72 (approximately) ### Step 3: Calculate the Total New Expenditure Now, we need to find the total new expenditure after the price increases. **Calculation:** - Total new expenditure = New expenditure on clothes + New expenditure on food - Total new expenditure = 1571.43 + 4285.72 = Rs. 5857.15 (approximately) ### Step 4: Determine the Required Income to Maintain the Same Ratio To maintain the same ratio of expenditure (2:5), we need to find out what Ramesh's new income should be. **Calculation:** Let the new income be \( x \). - The new expenditure on clothes should be \( \frac{2}{7}x \) - The new expenditure on food should be \( \frac{5}{7}x \) Setting the total new expenditure equal to the sum of the new expenditures: \[ \frac{2}{7}x + \frac{5}{7}x = 5857.15 \] \[ \frac{7}{7}x = 5857.15 \implies x = 5857.15 \] ### Step 5: Calculate the Increase in Income Now we need to find out how much Ramesh's income needs to increase from Rs. 5000 to Rs. 5857.15. **Calculation:** - Increase in income = New income - Old income - Increase = 5857.15 - 5000 = Rs. 857.15 (approximately) ### Step 6: Calculate the Percentage Increase in Income Finally, we calculate the percentage increase in Ramesh's income. **Calculation:** \[ \text{Percentage Increase} = \left(\frac{\text{Increase}}{\text{Old Income}}\right) \times 100 \] \[ \text{Percentage Increase} = \left(\frac{857.15}{5000}\right) \times 100 \approx 17.14\% \] ### Final Answer Ramesh's income should be increased by approximately **17.14%** to maintain the same ratio of expenditure on clothes and food. ---
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