Correct Answer - Option 2 : 5000, 7000
Given:
Ratio of income of A and B = 5 : 7
Ratio of expenditure of A and B = 3 : 4
Savings of A = 1400
Savings of B = 2200
Formula used:
Income – Savings = Expenditure
Calculation:
Let the income of A and B is 5x and 7x respectively.
Then, their expenditure is {(5x – 1400)/(7x – 2200)} = (3/4)
⇒ 4 (5x – 1400) = 3 (7x – 2200)
⇒ 20x – 5600 = 21x – 6600
⇒ 21x – 20x = 6600 – 5600
⇒ x = 1000
Income of A = 5 × 1000
⇒ 5000
Income of B = 7 × 1000
⇒ 7000
∴ Income of A and B is 5000 and 7000 respectively.