Question

The monthly salary of a person is $₹15,000$ and his monthly expenditure is $₹12,000$. Find the ratio of savings to expenditure.

Answer 1

Step 1: Find the Savings

Given, monthly salary of the person $=$$₹15,000$

Monthly expenditure of the person $=$$₹12,000$

Monthly savings of the persons $=$$15,000-12,000=₹3,000$

Step 2: Find the ratio

Ratio of savings to expenditure$=$ $\frac{3000}{12000}$

Converting this ratio into simplest form, we get

Divide numerator and denominator by the HCF, i.e., $3000$

Ratio of savings to expenditure $=$ $\frac{3000÷3000}{12000÷3000}=\frac{1}{4}=1:4$

Hence, the ratio of savings to expenditure is $1:4$.