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Question

Peter’s expenditure is 60% of the salary. if his salary increased by 20%, his expenditure will increase by $240 What is Peter’s Salary ?

Answer

Peter’s salary : 100 units
Peter’s expenditure : 60 units

If his salary increased by 20% : 120 units
60% x 120 units = 72 units

72 – 60 = 12
240/12 = 20
20 x 100 = 2000

Ans : $2000.

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