Income and expenditure of a person are in the ratio 8 : 7. If the income of the person is Rs. 40000, then find his savings? Choose the correct choice:
A) 5000	B) 6000	C) 7000	D) 8000	E) 9000
Let the income and the expenditure of the person be Rs. 8x and Rs. 7x respectively.   Income, 8x = 40000   =&gt; x = 5000   Savings = Income - expenditure   = 8x - 7x = x   So, savings =Rs.5000.   5000nswer: 5000
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Income and expenditure of a person are in the ratio 8 : 7. If the income of the person is Rs. 40000, then find his savings?