Question

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

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

Answer 1

The correct option is B

7:15

Given Income $=₹15,000$ and expenses $=₹8,000$

Hence, Savings $=₹15,000-₹8,000$

$=₹7,000$

Hence, the ratio of Savings to Income
$=7,000:15,000$
$=\frac{7,000}{15,000}$
$=\frac{7}{15}$
$=7:15$