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Question
Out of his monthly income of ₹ 2,500; a man spends ₹ 1,750. What percent of his income does he save every month?
Solution
Monthly income = ₹ 2,500
Spending = ₹ 1,750
Saving = monthly income – spending
= 2,500 − 1,750
= ₹ 750
Percentage of income he saves
= `750/2500xx100`
= 30%
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