The incomes of Ram and Shyam are in the ratio 5 : 4 and their expenditures are in the ratio 4 : 3 . If each save Rs.1500, then what are their incomes?
Answer & explanation
Correct answer: option 2
* Income - savings = Expenditure
Let Income of Ram & Shyam = 5R & 4R
ATQ,
⇒ \(\frac{5R - 1500}{4R - 1500}\) = \(\frac{4}{3}\)
⇒ 15R - 4500 = 16R - 6000
⇒ R = 1500
Now,
Income of Ram = 5 × 1500 = 7500/-,
Income of Shyam = 4 × 1500 = 6000/-