Percentage related question
I was solving following question:
Last year Elaine spent 20% of her annual earnings on rent. This year she earned 15% more than last year and she spent 30% of her annual earnings on rent. The amount she spent on rent this year is what percent of the amount spent on rent last year?
The answer that I found was 172%. But that book had 170% as the answer.
Tell me what am I doing wrong?
if x is her annual earning in year 1. the rent in year 1 will be 0.2x
income in year 2 is 1.15x then rent in year 2 will be 0.3 * 1.15x = 0.345x
and (0.345x / 0.2x)* 100 = 172.5 %
please help.
Well from what I see there is no problem with your answer.