The ratio of income and expenditure of a person is $11 : 10$. If he saves ₹ 9000 per annum, his monthly income is
Aptitude
Ratio and Proportion
Difficulty: Medium
Choose an option
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A₹ 8000
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B₹ 8250
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C₹ 8500
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D₹ 8800
Answer
Correct Answer: ₹ 8250
Explanation
### Concept & Income and Savings
Savings is the difference between income and expenditure. When given as a ratio, the difference in the ratio parts represents the savings. It's crucial to match the timeframes (annual vs. monthly).
### Step-by-Step Solution
Given:
* Ratio of Income to Expenditure = $11 : 10$
* Annual Savings = ₹ 9000
1. Determine the ratio parts for savings:
Savings Ratio = Income Ratio - Expenditure Ratio
Savings Ratio = $11 - 10 = 1 \text{ part}$
2. Equate the savings ratio part to the actual savings amount:
$1 \text{ part} = 9000 \text{ (Annual)}$
3. Calculate the annual income (which is 11 parts):
Annual Income = $11 \times 9000 = 99000$
4. Convert the annual income to monthly income:
Monthly Income = $\frac{99000}{12}$
Monthly Income = $8250$
### Exam Strategy & Shortcut
Recognize that 1 unit of ratio equals ₹ 9000 annually. Annual income is $11 \times 9000$. Monthly income is simply $\frac{11 \times 9000}{12} = 11 \times 750 = 8250$.
### Common Pitfall
Forgetting to convert the annual savings/income into a *monthly* figure, which would lead to incorrect calculations or searching for 99000 in the options.
### Final Answer
Therefore, the correct answer is **₹ 8250**.