Correct Answer - Option 1 : INR 70000
Given:
The ratio of income and savings of a woman is 7 : 3.
She spends INR 40000
Formula used:
Income = Expenditure + savings
⇒ Income – Savings = Expenditure
Calculation:
Since, Income : Savings = 7 : 3 and expenditure = INR 40000
⇒ 7x – 3x = 4x = INR 40000
⇒ x = INR 10000
∴ Income = 7x = INR 70000