Selected MCQ

Current Question
A man spends 80% of his income. If his income increases by 20% and expenditure by 10%, what is the increase in savings?
  • A. 60%
  • B. 50%
  • C. 70%
  • D. 80%
Correct Answer: B
Explanation:
Savings increase by 50%.
Related Question 1
If income increases by 10% and expenditure increases by 20%, savings will ____.
  • A. Increase
  • B. Decrease
  • C. Same
  • D. Cannot determine
Correct Answer: B
Explanation:
Expenditure grows faster.
Related Question 2
If income increases by 50% and expenditure increases by 40%, what happens to savings?
  • A. Increase
  • B. Decrease
  • C. No change
  • D. Cannot determine
Correct Answer: A
Explanation:
Income rises faster, increasing savings.
Related Question 3
If expenditure increases by 20% and income by 10%, what is the effect on savings?
  • A. Increase
  • B. Decrease
  • C. No change
  • D. Cannot determine
Correct Answer: B
Explanation:
Expenditure rises faster, reducing savings.
Related Question 4
A man spends 75% of his income. If income increases by 20%, what is the increase in savings?
  • A. 60%
  • B. 80%
  • C. 100%
  • D. 120%
Correct Answer: B
Explanation:
Savings increase from 25% to 40% → 60% increase.
Related Question 5
A person’s salary increases by 25%, and expenditure increases by 20%. What is the change in savings?
  • A. Increase
  • B. Decrease
  • C. No change
  • D. Cannot determine
Correct Answer: A
Explanation:
Income grows faster than expenditure.