If the ratio of income to saving of a family is 11:2. Find the expenditure if the saving is Rs 1520
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Given:-
- Ratio of income to saving of a family is 11:2.
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To find:-
- The expenditure if the saving is Rs.1520.
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Solution:-
Let,
- the income and saving be 11x and 2x.
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According to the question,
→ Saving = 1520
→ 2x = 1520
→ x = 1520/2
→ x = 760
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Therefore,
- Income = 11x = (11 × 760) = Rs.8360
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Now,
→ Expenditure = Income - Saving
→ 8360 = 1520
→ Rs.6840
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Hence,
- the expenditure is Rs.6840.
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