Question

The monthly salary of a person is ₹15,000 and his expenditure is ₹8,000. Find the ratio of his savings to his income.

• A. 8:15
• B. 7:15
• C. 15:7
• D. 8:8

Answer 1

The correct option is B

7:15

Given,
Income = ₹15,000
Expenses = ₹8,000

Hence,
Savings = ₹15,000 - ₹8,000

= ₹7,000

Hence, the ratio of savings to income
= 7000: 15000
$=\frac{7000}{15000}$
$=\frac{7}{15}$
= 7:15