The ratio of income to expenditure of a family is 7: 6. What is the savings if the income is Rs. 14000?

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2000

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5000

answer is A.

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Detailed Solution

Given, the ratio of income to expenditure of a family is 7: 6.
Income of the family is Rs. 14000.
Let the expenditure be x.
So,

\frac{14000}{x} = \frac{7}{6}

7 x = 6 \times 14000

x = \frac{84000}{7}

x = 12000.
The expenditure of the family is Rs. 12000 and the income is Rs. 14000.
Savings = Income - Expenditure
= 14000 - 12000
= 2000
So, the savings of the family is Rs. 2000.
Hence, option 1 is correct.

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