Question
Download Solution PDFManisha has Rs. 8000 in her wallet. Then she increased it by 10%. Now she spent 5% of it. The final value of money in her wallet will be how much percent greater than the initial amount?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial amount = Rs. 8000
Percentage increase = 10%
Percentage spent = 5%
Formula Used:
Final amount = Initial amount × (1 + Percentage increase/100) × (1 - Percentage spent/100)
Percentage difference = (Final amount - Initial amount)/Initial amount × 100%
Calculation:
According to the given data,
Final amount = 8000 × (1 + 10/100) × (1 - 5/100) = Rs. 8360
Percentage difference = (8360 - 8000)/8000 × 100% = 4.5%
∴ The remaining amount in her wallet is 4.5% greater than the initial amount.
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