Question
Download Solution PDFThe table given below shows the saving and expenditures of 5 companies.
| Companies | Saving | Expenditure |
| J | 400 | 200 |
| K | 900 | 500 |
| L | 700 | 400 |
| M | 400 | 300 |
| N | 500 | 1100 |
The total expenditure of all the companies is how much percent less than the total savings?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
| Companies | Saving | Expenditure |
| J | 400 | 200 |
| K | 900 | 500 |
| L | 700 | 400 |
| M | 400 | 300 |
| N | 500 | 1100 |
Calculation:
Total savings = Sum of savings for all companies
Total savings = 400 + 900 + 700 + 400 + 500 = 2900
Total expenditure = Sum of expenditure for all companies
Total expenditure = 200 + 500 + 400 + 300 + 1100 = 2500
Percentage difference = ((Total savings - Total expenditure)/Total savings) × 100
Percentage difference = ((2900 - 2500)/2900) × 100
Percentage difference = (400/2900) × 100
Percentage difference ≈ 13.79%
Therefore, the total expenditure of all the companies is approximately 13.79% less than the total savings.
Last updated on Jun 26, 2025
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