Question
The combined income of 'Sam' and 'Neil' is Rs. 120,000. If Sam's income were Rs. 35,000 more, it would be 50% more than Neil's original income. Both Sam and Neil spend 80% and 70% of their respective incomes. Find the difference between their savings.
Therefore, the income of 'Sam' = Rs. 58,000 and 'Neil' = Rs. 62,000. Therefore, savings of 'Sam' = 0.20 × 58,000 = Rs. 11,600. Savings of 'Neil' = 0.30 × 62,000 = Rs. 18,600. Required difference = 18,600 - 11,600 = Rs. 7,000.More Income and Expenditure Questions
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