The tax on the salary of C is $ \frac {1}{4}$ of the salary and savings are $\frac{1}{3}$ of the salary. The ratio of the expenditure to the savings is:
Answer & explanation
Correct answer: option 3
Expenditure = Salary - tax - savings
Let the salary of C = 12
According to the question,
tax = \(\frac{1}{4}\)x12 =3
savings = \(\frac{1}{3}\)x12 =4
Expenditure = 12 - 3 - 4 = 5
Ratio of expenditure to savings = 5 : 4