Question

Mukesh saves 1/7 of his income and Ratan saves frac 2/7 of his income if Mukesh saves more income than Ratan, which of the following would be the ratio of Mukesh's income with Ratan.
1. 1:3
2. 2:3
3. 3:2
4. 5:2

Answer 1

Answer:

Since the ratio of monthly income to savings of the family is 7:2, we assume that the income be 7t and savings be 2t

Now, we are given that the savings is =Rs 500

So, According to our assumption, 2t=500

⇒t=250

Hence, the income of the family is =7×250=Rs 1750

And the expenditure is =Income−Savings

=Rs 1750−Rs 500

=Rs 1250