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Initially, Suresh has Rs.200 in his paytm wallet then he increased it by 20%.Once again he increased his amount by 25%. The final value of money in his wallet will be how much % greater than the initial amount?
  • a)
    40%
  • b)
    50%
  • c)
    80%
  • d)
    60%
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Initially, Suresh has Rs.200 in his paytm wallet then he increased it ...
B. 50%
Explanation: 200 + 20% of 200 = 240 240 + 25% of 240 = 300 Required percentage = 300 – 200/200 * 100 = 50%
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Most Upvoted Answer
Initially, Suresh has Rs.200 in his paytm wallet then he increased it ...
Given:
Initial amount in Suresh's paytm wallet = Rs.200
First increase = 20%
Second increase = 25%

To find:
The final value of money in Suresh's wallet will be how much % greater than the initial amount.

Solution:
Let's calculate Suresh's paytm wallet value after the first increase:

20% of 200 = (20/100) * 200 = Rs. 40
So, after the first increase, Suresh's paytm wallet value becomes Rs. 200 + Rs. 40 = Rs. 240.

Now, let's calculate Suresh's paytm wallet value after the second increase:

25% of 240 = (25/100) * 240 = Rs. 60
So, after the second increase, Suresh's paytm wallet value becomes Rs. 240 + Rs. 60 = Rs. 300.

Now, let's calculate the percentage increase in Suresh's paytm wallet value:

Increase in value = Rs. 300 - Rs. 200 = Rs. 100
Percentage increase = (Increase in value / Initial value) * 100%
= (100/200) * 100%
= 50%

Therefore, the final value of money in Suresh's wallet will be 50% greater than the initial amount. Hence, option (b) is correct.
Community Answer
Initially, Suresh has Rs.200 in his paytm wallet then he increased it ...
B. 50%
Explanation: 200 + 20% of 200 = 240 240 + 25% of 240 = 300 Required percentage = 300 – 200/200 * 100 = 50%
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