Question
Download Solution PDFThe ratio of incomes of Venkanna and Saidulu is 7 : 5 and ratio of their expenditures is 3 : 2. If each person saves Rs. 3,000, then find the sum of their incomes.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ratio of incomes of Venkanna and Saidulu = 7 : 5
Ratio of their expenditures = 3 : 2
Each person saves Rs. 3,000.
Calculation:
Let the incomes of Venkanna and Saidulu be 7x and 5x, respectively.
Let the expenditures of Venkanna and Saidulu be 3y and 2y, respectively.
Forming Equations:
Income - Expenditure = Savings
For Venkanna: 7x - 3y = 3000
For Saidulu: 5x - 2y = 3000
Solving for x and y:
Multiply the first equation by 2 and the second equation by 3:
2(7x - 3y) = 2(3000) → 14x - 6y = 6000
3(5x - 2y) = 3(3000) → 15x - 6y = 9000
Subtract the two equations:
(15x - 6y) - (14x - 6y) = 9000 - 6000
x = 3000
Finding Total Income:
Total income = 7x + 5x = 12x
⇒ 12 × 3000 = 36,000
Final Answer:
The sum of their incomes is Rs. 36,000.
Last updated on May 9, 2023