The ratio of income of two persons is 11:7 and the ratio of their expenditure is 9:5 . If each of them manages to save Rs. 400 per month, find their monthly income.
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Answers
Answer:
The incomes of the two persons are Rs.2200 and Rs.1400, respectively.
For first person:
Income = Rs.2200
Expenditure = Rs.1800
For second person:
Income = Rs.1400
Expenditure = Rs.1000
Step-by-step explanation:
Incomes are in the ratio of 11:7.
Hence, let the incomes of the first and second person be 11x and 7x
Expenditures are in the ratio 9:5.
Hence, let the expenditures of the first and second persons be 9y and 5y
Saving = Income - Expenditure
For first person, saving = 11x - 9y
For second person, saving = 7x - 5y
ATQ, each of the two persons saves Rs.400
=> 11x - 9y = 400 .....(i)
=> 7x - 5y = 400 ......(ii)
Multiplying (i) by 5 and (ii) by 9, we get:
55x - 45y = 2000 ........(iii)
63x - 45y = 3600 ........(iv)
Subtracting (iv) from (iii), so as to eliminate variable "y", we get:
-8x = -1600
=> x = 200
Substituting for "x" in (i), we get:
11*200 - 9y = 400
2200 - 9y = 400
9y = 1800
=> y = 200
For first person:
Income = 11x = 11*200 = 2200
Expenditure = 9y = 9*200 = 1800
For second person:
Income = 7x = 7*200 = 1400
Expenditure = 5x = 5*200 = 1000
Final Answer: Monthly income of the two persons are Rs.2200 and Rs.1400, respectively.
Detailed answer:
For first person:
Income = Rs.2200; Expenditure = Rs.1800
Saving = Rs.400 (thus, verified)
For second person:
Income = Rs.1400; Expenditure = Rs.1000
Saving = Rs.400 (thus, verified)
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