The ratio of the incomes of A and B is 2:3 and the ratio of their expenditures is 5:7. If 7 times the income of A is equal to $6 times the expenditure of B, then what is the ratio of the savings of A and B?
- A3:5
- B5:9
- C1:2
- D2:3
Solution & Step-by-step Explanation
Let the incomes of A and B be 2x and 3x respectively.
Let the expenditures of A and B be 5y and 7y respectively.
According to the given condition:
7×(Income of A)=6×(Expenditure of B)
7×2x=6×7y
14x=42y
y
x
=
14
42
=
1
3
So, let x=3 and y=1.
Now, substitute the values to find incomes and expenditures:
Income of A = 2x=2×3=6
Income of B = 3x=3×3=9
Expenditure of A = 5y=5×1=5
Expenditure of B = 7y=7×1=7
Savings are calculated as Income−Expenditure:
Savings of A = 6−5=1
Savings of B = 9−7=2
Therefore, the ratio of the savings of A and B is 1:2.
Let the expenditures of A and B be 5y and 7y respectively.
According to the given condition:
7×(Income of A)=6×(Expenditure of B)
7×2x=6×7y
14x=42y
y
x
=
14
42
=
1
3
So, let x=3 and y=1.
Now, substitute the values to find incomes and expenditures:
Income of A = 2x=2×3=6
Income of B = 3x=3×3=9
Expenditure of A = 5y=5×1=5
Expenditure of B = 7y=7×1=7
Savings are calculated as Income−Expenditure:
Savings of A = 6−5=1
Savings of B = 9−7=2
Therefore, the ratio of the savings of A and B is 1:2.