Income of A and B are in the ratio 4 : 3 and their annual expenses are in the ratio 3 : 2. If each save Rs. 60000 at the end of the year, the annual income of A is = ?
A. Rs. 120000
B. Rs. 150000
C. Rs. 240000
D. Rs. 360000
Answer: Option C
Solution (By Examveda Team)
A | : | B | |
Income | 4x | : | 3x |
Expenses | 3y | : | 2y |
Saving | 6000 | : | 6000 |
Income = Expenses + Saving
$$\therefore \frac{{4x - 60000}}{{3x - 60000}} = \frac{3}{2}$$
⇒ 8x - 120000 = 9x - 180000
⇒ x = 60000
∴ Income of A = 4 × 60000 = 240000
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