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      Question

      Income of Arjun is 25% more than the expenditure of

      Varun. Income of Varun is 60% more than the expenditure of Arjun. If savings of Varun is Rs. 5,000 more than that of Arjun and ratio between expenditure and savings of Arjun is 8:3, respectively, then find the income of Varun.
      A 48000 Correct Answer Incorrect Answer
      B 56000 Correct Answer Incorrect Answer
      C 64000 Correct Answer Incorrect Answer
      D 72000 Correct Answer Incorrect Answer
      E 80000 Correct Answer Incorrect Answer

      Solution

      Let the expenditure of Varun be Rs. ‘4x’
      So, income of Arjun = 4x × (5/4) = Rs. ‘5x’
      Let the expenditure of Arjun be Rs. ‘5y’
      So, income of Varun = 5y × (8/5) = Rs. ‘8y’
      So, savings of Arjun = 5y × (3/8) = Rs. (15y/8)
      ATQ;
      5x – 5y = (15y/8)
      Or, 5x = (55y/8)
      Or, x = (11y/8)
      Since, savings of Varun is Rs. 5,000 more than that of Arjun.
      8y – 4x = (15y/8) + 5000
      On putting x = (11y/8):
      5y/2 = 15y/8 + 5000
      Or, 20y = 15y + 40000
      So, y = 8000
      So, income of Varun = 8 × 8000 = Rs. 64,000

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