In a family, the ratio of expenses to the savings is 5 : 3. But w
| In a family, the ratio of expenses to the savings is 5 : 3. But when the expenses are increased by 60 % and the income is increased by 25 %, there is a decrease of Rs 3500 in the saving. Find the increased income of the family?
A. Rs 35000
B. Rs 18500
C. Rs 28000
D. Rs 25000
Please scroll down to see the correct answer and solution guide.
Right Answer is: A
SOLUTION
Given
Let income = 8 units
Increase in income = 25% = 
Increased income = 8 + 2
10 units
Increase in expenses = 60% = 
Increased expenses = 5 + 3 = 8 units
New savings = 10 – 8 = 2 units
Difference between savings = 3 – 2 = 1 unit
1 unit = Rs 3500
10 units = Rs 35000
