Select the correct answerA, B and C spend 80%, 85% and 75% of their incomes respectively. If their savings are in the ratio 8:9:20 and the difference between the incomes of A and C is Rs 18000, then the income of B is?OptionsRs 30000Rs 24000Rs 27000Rs 36000
Question
Select the correct answerA, B and C spend 80%, 85% and 75% of their incomes respectively. If their savings are in the ratio 8:9:20 and the difference between the incomes of A and C is Rs 18000, then the income of B is?OptionsRs 30000Rs 24000Rs 27000Rs 36000
Solution 1
Let's solve this step by step:
-
We know that income is the sum of expenditure and savings. So, if A, B, and C spend 80%, 85%, and 75% of their incomes respectively, that means they save 20%, 15%, and 25% of their incomes respectively.
-
The problem states that the savings of A, B, and C are in the ratio 8:9:20. This means that the savings of A is 8x, B is 9x, and C is 20x for some common multiplier x.
-
Since savings is a percentage of income, we can write the savings of A, B, and C in terms of their incomes. So, 20% of A's income is 8x, 15% of B's income is 9x, and 25% of C's income is 20x.
-
We can now write down the following equations based on the information above:
0.20A = 8x 0.15B = 9x 0.25C = 20x
-
We also know that the difference between the incomes of A and C is Rs 18000. So, A - C = Rs 18000.
-
We can solve the above system of equations to find the values of A, B, and C.
-
From 0.20A = 8x, we get A = 40x. From 0.25C = 20x, we get C = 80x. Substituting these values in A - C = Rs 18000, we get 40x - 80x = Rs 18000, which simplifies to -40x = Rs 18000. Solving for x, we get x = -Rs 450.
-
But x cannot be negative, so we must have made a mistake. Let's correct it: A - C = Rs 18000 should be C - A = Rs 18000 (since C > A). So, 80x - 40x = Rs 18000, which simplifies to 40x = Rs 18000. Solving for x, we get x = Rs 450.
-
Now, we can find the income of B. From 0.15B = 9x, we get B = 9x / 0.15 = Rs 27000.
So, the income of B is Rs 27000.
Solution 2
Let's solve this step by step:
-
We know that income is the sum of expenditure and savings. So, if A, B, and C spend 80%, 85%, and 75% of their incomes respectively, that means they save 20%, 15%, and 25% of their incomes respectively.
-
The problem states that the savings of A, B, and C are in the ratio 8:9:20. This means that the savings of A is 8x, B is 9x, and C is 20x for some value of x.
-
Since savings is a percentage of income, we can write the savings of A, B, and C in terms of their incomes. So, 20% of A's income is 8x, 15% of B's income is 9x, and 25% of C's income is 20x.
-
We can now form equations from these relationships:
20/100 * Income of A = 8x ----(1)
15/100 * Income of B = 9x ----(2)
25/100 * Income of C = 20x ----(3)
-
The problem also states that the difference between the incomes of A and C is Rs 18000. So, Income of A - Income of C = 18000 ----(4)
-
We can solve equations (1), (3), and (4) simultaneously to find the values of the incomes of A and C, and then substitute these values into equation (2) to find the income of B.
-
Solving equation (1) for Income of A, we get Income of A = 8x * 100/20 = 40x
-
Solving equation (3) for Income of C, we get Income of C = 20x * 100/25 = 80x
-
Substituting these values into equation (4), we get 40x - 80x = 18000, which simplifies to -40x = 18000, so x = -18000/40 = -450
-
But x cannot be negative, so there must be a mistake in our calculations. Let's go back and check.
-
In step 9, we should have subtracted 40x from 80x, not the other way around. So, the equation should be 80x - 40x = 18000, which simplifies to 40x = 18000, so x = 18000/40 = 450
-
Now we can substitute x = 450 into equation (2) to find the income of B. So, 15/100 * Income of B = 9 * 450, which simplifies to Income of B = 9 * 450 * 100/15 = Rs 27000
So, the income of B is Rs 27000. Therefore, the correct answer is Rs 27000.
Similar Questions
Total income of A, B and C is 6060 and they spend 80%, 85% and 75% of their incomes respectively. If their savings are in the ratio 5:6:9. Find the income of A?OptionsRs 1400Rs 1300Rs 1500Rs 1600
Select the correct answerThe salaries of A and B together amounts to Rs. 14,000. A spends 80% of his salary and B spends 85% of his salary. What is the salary of B if their savings are equal?OptionsRs.6000Rs.7500Rs.6500Rs.8000
Select the correct answerThe income of P and Q are in the ratio 3:5, and their expenditure in the ratio 1:2, If P saves RS.1200/- and Q saves RS.800/- find the income of P.OptionsRS.2000RS.4800RS.8000RS.1500RS.3400
Select the correct answerThe incomes of two persons A and B are in the ratio 1: 2 and the ratio of their expenditures is 2: 5. If A saves Rs.20,000 and B saves Rs.35,000, what is the total income of A and B?Options60000300009000070000
The monthly income of A, B and C taken together is Rs. 69,000. A spends 70% of income, B spends 80% of income and C spends 92% of income. If their monthly savings are in the ratio of 15 : 11 : 10, respectively, then the monthly savings (in Rs.) of B is:
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.