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Question
Rohit earns Rs 15300 and saves Rs 1224 per month. Find the ratio of
(i) his income and savings:
(ii) his income and expenditure;
(iii) his expenditure and savings.
Solution
Given:
- Rohit's Income = ₹ 15,300
- Rohit's Savings = ₹ 1,224
Rohit's expenditure can be calculated by subtracting his savings from his income.
Expenditure = Income − Savings
₹ 15,300 − ₹ 1,224 = ₹ 14,076
Ratio of Income to Savings = `"Income"/"Savings" = 15300/1224`
`(15300 ÷ 612)/(1224 ÷ 612) = 25/2`
Thus, the ratio of Rohit's income to his savings is:
Income : Savings = 25 : 2
Next, we find the ratio of Rohit's income to his expenditure:
Ratio of Income to Expenditure = `"Income"/"Expenditure"`
= `15300/14076`
The GCD of 15300 and 14076 is also 612.
`(15300 ÷ 612)/(14076 ÷ 612) = 25/23`
Thus, the ratio of Rohit's income to his expenditure is:
Income : Expenditure = 25 : 23
Finally, we find the ratio of Rohit's expenditure to his savings:
Ratio of Expenditure to Savings = `"Expenditure"/"Savings"`
= `14076/1224`
The GCD of 14076 and 1224 is again 612.
`(14076 ÷ 612)/(1224 ÷ 612) = 23/2`
Thus, the ratio of Rohit's expenditure to his savings is:
Expenditure : Savings = 23 : 2
Income : Savings = 25 : 2
Income : Expenditure = 25 : 23
Expenditure : Savings = 23 : 2
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