Question

The ratio of income to expenditure of a family is 7 : 6. Find the savings if the income is Rs 14000.

Answer 1

Income:Expenditure = 7:6
Let the income and the expenditure be Rs 7x and Rs 6x, respectively.
Income = Rs 14000
7x = 14000
x = 14000 = 2000
7
Expenditure = Rs 6x = Rs 6 × 2000 = Rs 12000
$\therefore$ Saving = Income $-$ Expenditure
= Rs (14000 $-$ 12000)
= Rs 2000