the ratio of income to expenditure of a family is 7 ratio 6 find the savings if the income is rupees 28000
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Answer:
Savings = Rs.4,000
Step-by-step explanation:
Ratio of Income (I) to Expenditure (E) = 7:6
=> I / E = 7/6
=> 6 * I = 7 * E
Given I = 28000
=> 6 * 28000 = 7 * E
=> E = (6 * 28000) / 7
=> E = 24000
Expenditure = Rs.24,000
Now, Savings = Income - Expenditure
=> Savings = 28000 - 24000
= 4000
Savings = Rs.4,000
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