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The table shows expenditure and income of a firm in various months. In which month was ratio of savings to income maximum. Month Salary Expenditure Jan 40,000 28,000 Feb 35,000 30000 March 37000 30000 April 42000 32000 May 45000 31000  

The table shows expenditure and income of a firm in various months. In which month was ratio of savings to income maximum. Month Salary Expenditure Jan 40,000 28,000 Feb 35,000 30000 March 37000 30000 April 42000 32000 May 45000 31000   Correct Answer May

Given:

Month Salary Expenditure
Jan 40,000 28,000
Feb 35,000 30000
March 37000 30000
April 42000 32000
May 45000 31000

 

Formula used:

Savings = (Salary - Expenditure)

Calculations:

 Month    Salary   Expenditure  Savings = (Salary - Expenditure) Saving : Income 
Jan 40,000 28,000 12,000 3 : 10 = 0.3
Feb 35,000 30,000 5,000 1 : 7 ≈ 0.14
March 37,000 30,000 7,000 7 : 37 ≈ 0.19
April 42,000 32,000 10,000 5 : 21 ≈ 0.24
May 45,000 31,000 14,000 14 : 45 ≈ 0.31

 

∴ The ratio of saving to income is maximum in May month.

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