InterviewSolution
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Rahim works in a software company and earns Rs. 75,000/- per month. He saves Rs. 28,000/- per month from his earnings. Find the ratio of i) His savings to his incomeii) His income to his expenditure iii) His savings to his expenditure |
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Answer» Given Rahim’s monthly income = Rs. 75000 Monthly savings = Rs. 28000 Monthly expenditure = income – savings = 75000 – 28000 = 47,000/- i) Ratio of savings to income = 28000 : 75000 To convert the ratio into the simplest form divide each term by their HCF is 1000 = 28000 ÷ 1000 : 75000 ÷ 1000 (divide by 1000) = 28 : 75 Required ratio of savings to income = 28 : 75 ii) Ratio of income to expenditure = 75000 : 47000 To convert the ratio into the simplest form divide each term by their HCF is 1000 = 75000 ÷ 1000 : 47000 ÷ 1000 (divide by 1000) = 75 : 47 Required ratio of income to expenditure = 75 : 47 iii) Ratio of savings to expenditure = 28000 : 47000 To convert the ratio into the simplest form divide each term by their HCF is 1000 = 28000 ÷ 1000 : 47000 ÷ 1000 (divide by 1000) = 28 : 47 Required ratio of savings to expenditure = 28 : 47 |
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