The annual incomes of A and B are in the ratio 3:4 and their annual expenditures are in the ratio 5:7. If each saves 5,000 Rs.; find their annual incomes.
A
A=10,000 Rs. and B=20,000 Rs.
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B
A=30,000 Rs. and B=40,000 Rs.
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C
A=16,000 Rs. and B=24,000 Rs.
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D
A=42,000 Rs. and B=16,000 Rs.
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Solution
The correct option is CA=30,000 Rs. and B=40,000 Rs. LetAandB′sincomesbe3xand4xLettheirexpenditurebe5yand7yresp.SavingsofA=3x−5y=5000−>1SavingsofB=4x−7y=5000−>2So3x−5y=4x−7yx=2y−>3Subx=2yineqn1,wegety=5000x=2y=10000A′sannualincome=3x=Rs30,000B′sannualincome=4x=Rs40,000