The ratio of expenditures of Lakshmi and Meenakshi is 2 : 3, and the ratio of income of Lakshmi to expenditure of Meenakshi is 6 : 7. If excess of income over expenditure is saved by Lakshmi and Meenakshi, and the ratio of their savings is 4 : 9, then the ratio of their incomes is
Correct Answer :
3:5
Solution :
The correct answer is 3:5.
Let's define variables to represent the incomes and expenditures of Lakshmi and Meenakshi. Let the expenditure of Lakshmi be denoted as and the expenditure of Meenakshi be .
The problem states that the ratio of their expenditures is 2:3. We can represent these expenditures using a common variable, :
We are also given that the ratio of the income of Lakshmi () to the expenditure of Meenakshi () is 6:7. This can be expressed as a fraction:
Now, substitute the value we defined for () into this equation:
By solving for , we find Lakshmi's income in terms of :
Savings are equal to income minus expenditure. Let's find the savings for Lakshmi ():
Let Meenakshi's income be . Her savings () will be her income minus her expenditure:
We are given that the ratio of Lakshmi's savings to Meenakshi's savings is 4:9. We can set up the following equation:
Substitute the expressions we found for their savings:
We can solve for by cross-multiplying:
Divide both sides of the equation by 4 to simplify:
Add to both sides to isolate :
Finally, we need to determine the ratio of their incomes, :
By multiplying both sides of the ratio by , we remove the denominators and the variable :
We can simplify this ratio by dividing both numbers by their greatest common divisor, which is 6:
Therefore, the ratio of their incomes is 3:5.
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