The ratio of the income to the expenditure of a family is 7:6. Find the savings if the income of the family is Rs.42000?

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8000

6500

6000

3900

answer is C.

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Detailed Solution

Concept- Start by assuming that income and expenses are some of the variables that satisfy the required ratio. Get the ratio variable using the value of the income provided in the question, and then use that variable to find the expenditure. The gap between income and expenditures will be savings.
The Income to expenditure ratio is given as
7: 6
If Income is

expenditure is

expenditure

saving = Income – expenditure = 42000-36000

Hence, the correct answer is option 3) 6000

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