Question

The ratio of income to expenditure is 6:5. Find the savings if the expenditure is $20,000.
Note that we are asking for savings and not income.
$5,000
$18,000
$4,000
$24,000

Answer 1

Answer:

4,000

Step-by-step explanation:

income/expenditure = 6/5

expenditure = 20,000

income = 20,000/5*6 = 24,000

savings = income - expenditure = 24,000 -20,000 = 4,000

Answer 2

Answer:

Option 3. $4,000

Step-by-step explanation:

The ratio of income to expenditure is 6:5.

The = expenditure is $20,000.

$\frac{income }{expenditure } =\frac{6}{5}$

Using the ratio and proportional

$\frac{income }{20,000} =\frac{6}{5}$

$Income =\frac{6}{5}*20,000 = 24,000$

Saving = Income - expenditure = 24,000 - 20,000 = $4000

So, The answer is $4,000