5. The income of A and B is in the ratio 3 : 4. Their expenses are in the ratio 5 : 7. If they save ₹ 2000 each, find their incomes.
Correct Answer: a) ₹ 12000, ₹ 16000
Explanation:
Let incomes be and .
Let expenses be and .
According to the savings condition:
Solving these equations:
Multiply the first equation by 4 and the second by 3:
Subtracting gives:
From the first equation:
Therefore, incomes = ₹ 12000 and ₹ 16000.
Shortcut: Let incomes = 3x, 4x. Expenses = 5y, 7y. Solve the two equations to get x = 4000, y = 2000.