Out of the total income, a family saves 15% and the rest of the amount is spent on three types of expenditure – health, education and food in the ratio of 1:2:2. The income is Rs. 300 less than thrice the expenditure incurred on education. What is the difference between the savings and the expenditure incurred on health?
- ARs. 300
- BRs. 350
- CRs. 2,250
- DRs. 500
Solution & Step-by-step Explanation
Let the total income of the family be I.
Savings = 15% of I=0.15I
Therefore, the remaining amount for expenditure = 100%−15%=85% of I=0.85I
This expenditure is divided among health, education, and food in the ratio of 1:2:2.
Total ratio parts = 1+2+2=5 parts
Expenditure on Health =
5
1
×0.85I=0.17I
Expenditure on Education =
5
2
×0.85I=0.34I
Expenditure on Food =
5
2
×0.85I=0.34I
According to the given condition, the total income is Rs. 300 less than thrice the expenditure on education:
I=3×(Expenditure on Education)−300
I=3×(0.34I)−300
I=1.02I−300
1.02I−I=300
0.02I=300
I=
0.02
300
=
2
30000
=Rs. 15,000
Now, calculate the values needed for the final difference:
Savings = 0.15×15000=Rs. 2,250
Expenditure on Health = 0.17×15000=Rs. 2,550
The difference between savings and expenditure on health is:
Difference=∣Savings−Expenditure on Health∣=∣2250−2550∣=Rs. 300
Savings = 15% of I=0.15I
Therefore, the remaining amount for expenditure = 100%−15%=85% of I=0.85I
This expenditure is divided among health, education, and food in the ratio of 1:2:2.
Total ratio parts = 1+2+2=5 parts
Expenditure on Health =
5
1
×0.85I=0.17I
Expenditure on Education =
5
2
×0.85I=0.34I
Expenditure on Food =
5
2
×0.85I=0.34I
According to the given condition, the total income is Rs. 300 less than thrice the expenditure on education:
I=3×(Expenditure on Education)−300
I=3×(0.34I)−300
I=1.02I−300
1.02I−I=300
0.02I=300
I=
0.02
300
=
2
30000
=Rs. 15,000
Now, calculate the values needed for the final difference:
Savings = 0.15×15000=Rs. 2,250
Expenditure on Health = 0.17×15000=Rs. 2,550
The difference between savings and expenditure on health is:
Difference=∣Savings−Expenditure on Health∣=∣2250−2550∣=Rs. 300