The ratio of the income to the expenditure of a town is 7:6. If the income is ₹3500, what is the saving?
Show answer & explanation
Correct answer: C
Explanation
Given:
Income : Expenditure = 7 : 6
Income = 3500
According to the formula:
Savings = Income − Expenditure
7x = 3500 ⇒ x = 500
Expenditure = 6x = 3000
Savings = 3500 − 3000 = 500 Rupees