Question

The ratio of income to expenditure is 6:5, find the savings if the expenditure is 20,000 dollars.

Answer 1

Answer:

Savings = $4000

Explanations:

The ratio of income to expenditure = 6 : 5

Expenditure = $20000

$\begin{gathered} \frac{Income}{\text{Expenditure}}\text{ = }\frac{6}{5} \\ \frac{Income}{20000}=\text{ }\frac{6}{5} \\ \frac{Income}{20000}=1.2 \\ \text{Income = 20000(1.2)} \\ \text{Income = }24000 \end{gathered}$

Income = $24000

Savings = Income - Expenditure

Savings = $24000 - $20000

Savings = $4000