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The ratio of income to savings of a family is 11: 2. What is the expenditure if the savings is ₹ 1520?

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₹6840

₹1200

₹24000

₹3988

answer is A.

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Detailed Solution

Given, the ratio of income to savings of a family is 11: 2 . The savings is ₹ 1520.
So,

\frac{income}{savings} = \frac{11}{2}

\frac{income}{1520} = \frac{11}{2}

Income = 8360
Expenditure = income - savings
= 8360 - 1520
= 6840
Hence the expenditure of the family is ₹ 6840.
So, option 1 is correct.

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