Question
The income ratio between 'P' and 'Q' is 5:4, while their
expenditure ratio is 9:7 respectively. If both manage to save Rs. 10,000 each, what is the difference in their expenditures?Solution
ATQ,
Let the income of 'P' and 'Q' be Rs. '5x' and Rs. '4x' respectively, and expenditure of 'P' and 'Q' be '9y' and Rs. '7y' respectively. 5x - 9y = 10000 -------- (I) And, 4x - 7y = 10000 ---------- (II) From equation I and II, We get, 5x - 9y = 4x - 7y Or, x = 2y On putting value of 'x' in equation I, We get, 5 × 2y - 9y = 10000 Or, 10y - 9y = 10000 Or, y = 10000 Required difference = 9y - 7y = 2y = 2 × 10000 = Rs. 20,000
The instrument where coupon and principal payments of bonds are converted into separate securities and are separately traded is called:
Which of the following insurance company was the first Insurance Company to adopt UPI Auto debit facility?
The South Indian Bank bagged a world record for staging the highest “101 Oonjals” to celebrate unity and prosperity during the ongoing festival seas...
What is the minimum net worth required for a body corporate to be recognized as an Accredited Investor in India?
Account Aggregators are part of which of the following banking system ?
Which of the following methods should be used by an enterprise holding investment properties to value Investment property , a s per AS 10 (Revised) ‘P...
Bonds with original maturities of one year or less are called:
What is the primary distinction between factoring and forfaiting?
What is the name of the new assault rifle launched by DRDO for the Indian Army?
Which NBFC has made a tie up with State Bank of India for co-lending arrangement to lend to a priority sector.
Relevant for Exams:
