Question

The ratio of income to the expenditure is 7:6.
Find the savings if the income is 14,000​

Answer 1

Answer :-

• The savings is Rs. 2000.

Step-by-step explanation :

To Find :-

• The savings

Solution :-

Given that,

• The ratio of income to the expenditure is 7:6
• Income = Rs. 14,000

Assumption: Let us assume the ratio of income and expenditure as 7x and 6x, First we need to find out the value of x,

Therefore,

=> 7x = 14000 .... income is given.

=> x = 14000 ÷ 7

=> x = 2000

• The value of x is 2000.

Now, the expenditure is, We assumed the expenditure as 6x, putting the value of x,

=> 6x

=> 6*2000

=> 12000

Hence, the expenditure is Rs. 12000.

According the question,

The savings is, As we know that

Savings = Income - Expenditure,

=> Savings = Rs. 14000 - Rs. 12000

=> Savings = Rs. ( 14000 - 12000 )

=> Savings = Rs. 2000.

Therefore, The savings is Rs. 2000.