How to Calculate Ratio of Savings Based on Monthly Income and Expenditure

What is the ratio of savings between Karan and Kunal based on their monthly income and expenditure?

If Karan earns rs. 5600 per month and Kunal's monthly income is rs. 10800, with monthly expenditure of rs. 4200 each, what is the ratio of their savings?

Answer:

The ratio of Karan's savings to Kunal's savings is 7:33.

In order to calculate the ratio of savings between Karan and Kunal, we first need to determine their individual savings. This can be done by subtracting their monthly expenditure from their monthly income.

For Karan, his monthly income is rs. 5600 and his monthly expenditure is rs. 4200. Therefore, Karan's savings would be 5600 - 4200 = 1400 Rs.

For Kunal, his monthly income is rs. 10800 and his monthly expenditure is rs. 4200. Hence, Kunal's savings would be 10800 - 4200 = 6600 Rs.

Now, we can find the ratio of their savings by dividing Karan's savings by Kunal's savings. This gives us 1400 / 6600, which simplifies to 7 / 33.

Therefore, the ratio of Karan's savings to Kunal's savings is 7:33, indicating that Kunal has a significantly higher amount of savings compared to Karan.