The ratio of income to expenditure of a family is 7:6. Find the savings if the income is rs14000.
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Given That,
The Ratio of Income and Expenditure = 7:6
To find,
Expenditure = ???
Solution,
7 : 6
14000 : x
Income = 14000/7 = 2000
We can also write as
2000 × 7 = 14000
So,
Expenditure = 2000 × 6 = 12000
The Savings = Income - Expenditure
=> 14000 - 12000 = 2000
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