Question

The ratio of income to expenditure of a family is 7:6. find the savings if the income is 14000
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Answer 1

Given here,

Ratio = 7:6

Income = 14000

7x = 14000

x = 2000

Expenditure = 6x = 6 × 2000 = 12000

Savings = Income - Expenditure = 14000 - 12000 = 2000

Answer 2

Answer:

The savings of the family is Rs. $2000.$

Step-by-step explanation:

The ratio of income to expenditure is $7:6$.

Therefore we can say that income $=7x$

and expenditure $=6x$.

Given income of the family is $=14000$,

that is $7x=14000$, therefore $x=14000/7=2000$.

Hence we can calculate the expenditure of the family by substituting $x=2000$ in $6x.$

That is, expenditure of the family $=6x=6*2000=12000$.

We are asked to find the savings of the family.

We know savings $=$ income $-$ expenditure

that is,  savings $=14000-12000=2000$.

Hence the answer

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