Question
Download Solution PDFThe ratio of the income to the expenditure of a family is 10 : 7. If the family's expenses are Rs. 10,500, then savings of the family is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The ratio of the income to the expenditure of a family = 10 : 7
The family's expenses = Rs. 10,500
Formula Used:
Savings = Income - Expenditure
Calculation:
Let the income be 10x and the expenditure be 7x.
Given, 7x = 10,500
⇒ x = 10,500 / 7
⇒ x = 1,500
Income = 10x = 10 × 1,500 = 15,000
Savings = Income - Expenditure
⇒ Savings = 15,000 - 10,500
⇒ Savings = 4,500
The savings of the family is Rs. 4,500.
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