the ratio of monthly income to the savings of a family is 7:2 if the saving of a family is rupees 950 find income and expenditure
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The income is Rs. 3325 and expenditure is Rs. 2375.
Explanation:
The ratio of the monthly income to the savings of a family = 7:2
So, let's assume the monthly income be “7x” and the saving be “2x”.
The saving of the family is given = Rs. 950
Therefore, we can write
2x = 950
⇒ x = 475
Therefore,
Income = 7x = 7 * 475 = Rs. 3325
and
Expenditure = Income – Savings = 3325 - 950 = Rs. 2375
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