Question

The ratio of income to expenditure of a family is 7:6. Find the savings if the income is rs 14000

Answer 1

Ratio of income to ependiture = 7:6
So ratio of income to saving = 7:1
total income is 14000 . so 14000/7 = 2000
total expenditure is 2000*6 = 12000
Total saving is 2000*1 = 2000
Answer : saving is rs 2000.

Answer 2

When the "income is Rs 14000", the savings is .

Given:

Ratio of "income to expenditure" = 7:6

To find:

Savings of the family.

Solution:

Savings is amount from income eliminating expenditure money.

The formula for savings is given below:

$Savings(S)= Income-Expenditure$

Let consider the income be 7x and the expenditure be 6x

Then,

$S = 7x - 6x$

$S = x$

Thus, the savings(S) is x.

$Income = 7x$

Apply the amount of income given in the question,

$14000 = 7x$

$x = \frac{14000}{7}$

$x = 2000$