the ratio of the income of two workers A and B in an office is 3 : 2. if they spend 20% and 25% of their income respectively, find the percentage of their saving?
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Answer:
Ratio of saving of A and B = 8:5
Step-by-step explanation:
Let the income of A = X
Ration of income of A and B = 3:2
∴ Income of B = 2/3X
A spend 20% of his income.
∴ Saving of A = Income - Spending
∴ Saving of A = X - 20% of X = 0.8X ..... (1)
∴ % Saving of A = 80%
B spends 25% of his income.
∴ Saving of B = Income - Spending = 75% of (2/3)X =
∴ Saving of B = 0.75 × 2/3 X
∴ Saving of B = 0.5 X ...(2)
∴ % saving of B = 75%
Ratio of savings of A and B = 0.8X : 0.5X
∴ Ratio of saving of A and B = 8:5
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