Question

The ratio of income to expenditure of a person is $7:6$.Find the savings if the income is $₹14000$ ?

Answer 1

Here given that the ratio of income to the expenditure of a person is $7:6$

And also given that income is $₹14000$

So, let expenditure is $₹x$

Then the ratio of income to expenditure is $14000:x$

Since both are the ratio of income to expenditure so both are equal

So, $7:6=14000:x$

$$\begin{gathered} \Rightarrow \frac{7}{6}=\frac{14000}{x} \\ \Rightarrow x=\frac{14000\times 6}{7} \\ \Rightarrow x=2000\times 6 \\ \Rightarrow x=12000 \end{gathered}$$

So, the expenditure is $₹12000$

And hence, the savings = $₹14000-$$₹12000=$$₹2000$

Therefore the savings are $₹2000$