If the ratio of income and expenditure of a person is 11:10 and he saves ₹9000 per year. What is his monthly income?
Answer & explanation
Correct answer: option 1
Let the income of man be ₹ = 11x
and his expenditure be ₹ 10x
Savings = 11x – 10x = x = ₹ 9000
Monthly income of man ,
= \(\frac{9000 × 11}{12}\) = 8250