What is the ratio of income to expenditures if only 10% income is saved
Answers
Answered by
6
Step-by-step explanation:
income = 100%
saving = 10%
expenditure = (100-10)% = 90%
now ratio of
income to expenditure
ratio of income to expenditure = 100/90
= 10:9
Answered by
0
Answer:
The ratio of income and expenditure is 10:9.
Step-by-step explanation:
Step 1
Given
Income is 100%.
10% of the income is saved. So, saving is 10%.
Sum of expenditure and savings is equal to the income.
So, expenditure is 100-10=90%.
Step 2
The ratio of income and expenditure will be i.e. 10:9.
Hence, the ratio of income and expenditure is 10:9.
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