A man earns $ 9600 a month and spends $ 7200 a month. Find the ratio of:
(a) his income to his expenditure.
(b) his savings to his income.
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Answer:
(a) 4:3 (b) 1:4
Step-by-step explanation:
(a)
earning = 9600
spend = 7200
ratio of income to expenditure = 9600/7200 = 4:3
(b)
savings = earning - expenditure
= 9600 - 7200 = 2400
ratio of savings to income = 2400/9600 = 1:4
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