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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.
    Question

    The table shows expenditure and income of a firm in various months. In which month was ratio of savings to income maximum.

    A.

    April

    B.

    Feb

    C.

    Jan

    D.

    May

    Correct option is D

    Formula Used:
    Savings = Income - Expenditure
    Solution:

    Month  

     Salary 

     Expenditure 

    Savings = (Salary - Expenditure)

    Saving : Income 

    January

    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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