Question

The ratio of monthly income to the savings of a family is 7 : 2. If the savings be
₹ 500, find the income and expenditure​

Answer 1

Answer:

Step-by-step explanation:

Given ratio of income and savings = 7:2

Thus savings, 500 = (2/9)x

x = (500 x 9)/2 = 2250

Hence savings = Rs 2250 x 2 = Rs 4500

Income = 7 x Rs 2250 = Rs 15750

Expenditure = 15750 – 4500 = Rs 11250

Answer 2

Answer:

income = 2250

expenditure = 1750

Step-by-step explanation:

Let the common multiple be x.

therefore, monthly income = 7x

savings = 2x

2x = 500

x = 500/ 2

x = 250

expenditure = 7 x

= 7 × 250

= 1750

income = 1750 + 500 = 2250