The given bar graph shows the income and expenditure (in crores ₹) of a company over 5 years, from 2014 to 2018.
Study the bar graph and answer the question that follows.
In which of the following years is the ratio of expenditure to income the minimum?
Answer & explanation
Correct answer: option 4
Ratio of expenditure to income in 2014 = \(\frac{175}{225}\)
= \(\frac{7}{9}\) = 0.778
Ratio of expenditure to income in 2016 = \(\frac{275}{325}\)
= \(\frac{11}{13}\) = 0.846
Ratio of expenditure to income in 2017 = \(\frac{300}{350}\)
= \(\frac{6}{7}\) = 0.89
Ratio of expenditure to income in 2018 = \(\frac{325}{350}\)
= \(\frac{13}{14}\) = 0.928
So , Ratio of expenditure to income in 2014 is minimum.