The ratio of the income to the expenditure of a family is 19 : 13. If the family's expenses are Rs 29,510, then find the savings of the family.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs 13,620.
Let the income and expenditure of the family be 19x and 13x
The family's expenses are Rs 29,510
⇒ 13x = 29510
⇒ x = 2270
Income = 19x = Rs. 43130
We know that,
Savings = Income - Expenditure
⇒ Savings = 43130 - 29510
⇒ Savings = Rs. 13620
Therefore, the family's savings are Rs. 13,620.