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Rahul spends some part of his income and saves the remaining part. The ratio of his expenditure and saving is 3 : 4 respectively. If Rahul’s income is Rs. 56000, then what will be his expenditure?
1. Rs. 32000
2. Rs. 8000
3. Rs. 16000
4. Rs. 24000

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Correct Answer - Option 4 : Rs. 24000

Given:

The income of Rahul = 56000

Concept:

Income = Expenditure + Saving

Calculation:

Let us assume expenditure and savings of Rahul is 3p and 4p respectively

⇒ 3p + 4p = 56000

⇒ 7p = 56000

⇒ p = 56000/7 = 8000

⇒ The expenditure of Rahul = 3p = 3 × 8000 = 24000

∴ The required result will be 24000.

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