Question
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A man earns a year and spend
a year. Find the ratio of
(i) his income to his expenditure.
(ii) his saving to his income.

Ask by Mckenzie Henry. in India
Dec 22,2024

Upstudy AI Solution

Tutor-Verified Answer

Answer

The income to expenditure ratio is 25:21, and the saving to income ratio is 4:25.

Solution

Let’s solve each part step by step.
Given:
  • Income (I) = ₹7,500 per year
  • Expenditure (E) = ₹6,300 per year
  • Saving (S) = Income - Expenditure = ₹7,500 - ₹6,300 = ₹1,200 per year

(i) Ratio of Income to Expenditure

We need to find the ratio .
Simplifying the ratio:
  1. Find the greatest common divisor (GCD) of 7,500 and 6,300. The GCD of 7,500 and 6,300 is 300.
  2. Divide both terms by the GCD.
So, the ratio of Income to Expenditure is .

(ii) Ratio of Saving to Income

We need to find the ratio .
Simplifying the ratio:
  1. Find the GCD of 1,200 and 7,500. The GCD of 1,200 and 7,500 is 300.
  2. Divide both terms by the GCD.
So, the ratio of Saving to Income is .

Final Answer:
  1. The income to expenditure ratio is 25 : 21.
  2. The saving to income ratio is 4 : 25.

Answered by UpStudy AI and reviewed by a Professional Tutor

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Explain
Simplify this solution

Extra Insights

To find the ratio of his income to his expenditure, we can start by dividing his income by his expenditure .
So, the ratio of his income to his expenditure is:
This means for every units of income, he spends units.
Now, to find the ratio of his saving to his income, we first need to determine his savings. His savings can be found by subtracting his expenditure from his income:
Now, the ratio of his savings to his income is:
So, to summarize:
(i) The ratio of his income to his expenditure is .
(ii) The ratio of his saving to his income is .

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