Question
Quantitative Aptitude Question on Percentages
In September, the incomes of K, A, and V are in the ratio 8:6:5. They rent a house, contributing 15%, 12%, and 18% of their respective incomes. In October, the rent remains the same, but the salaries of K, A, and V increase by 10%, 12%, and 15%, respectively. What percentage of their total income is paid as house rent in October? (Round to the nearest percentage.)
Step 1: Represent the incomes in September
Let the incomes of K, A, and V in September be:
8x,6x,and5x,
where x is a common factor.
Step 2: Calculate the rent paid by each
Rent paid by K:
15% of 8x:
RentK=0.15×8x=1.2x.
Rent paid by A:
12% of 6x:
RentA=0.12×6x=0.72x.
Rent paid by V:
18% of 5x:
RentV=0.18×5x=0.9x.
The total rent for the house is:
Total Rent=RentK+RentA+RentV,
Total Rent=1.2x+0.72x+0.9x=2.82x.
Step 3: Calculate the October incomes
Income of K in October:
10% increase in 8x:
IncomeKOct=8x+0.1×8x=8x×1.1=8.8x.
Income of A in October:
12% increase in 6x:
IncomeAOct=6x+0.12×6x=6x×1.12=6.72x.
Income of V in October:
15% increase in 5x:
IncomeVOct=5x+0.15×5x=5x×1.15=5.75x.
The total income in October is:
Total IncomeOct=IncomeKOct+IncomeAOct+IncomeVOct,
Total IncomeOct=8.8x+6.72x+5.75x=21.27x.
Step 4: Calculate the percentage of income spent on rent
The percentage of the total income spent on rent in October is:
Percentage=Total IncomeOctTotal Rent×100.
Substitute the values:
Percentage=21.27x2.82x×100=21.272.82×100.
Simplify:
Percentage≈13.26%.
Final Answer
The percentage of income spent on rent in October is approximately:
13.2%.