Question

The monthly salary of a person is ₹15,000 and his expenditure is ₹8000. Find the ratio of his savings to income.

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

Answer 1

The correct option is B

7 : 15

Given:
Monthly income = ₹15,000
Expenditure = ₹8000
Hence, his savings = 15000 - 8000
= ₹7000

Hence, the ratio of his savings to income

$=\frac{7000}{15000}$

$=\frac{7\times 1000}{15\times 1000}$

$=\frac{7}{15}$

$=7:15$