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Ram and Shyam both save 30% and 44% of t...

Ram and Shyam both save `30%` and `44%` of their monthly incomes respectively. The amount they spent each month is equal. The difference between monthly incomes of Ram and Shyam is ₹5000. What is Ram’s monthly income ?

A

₹ 20000

B

cannot be determined

C

₹ 30000

D

₹ 36000

Text Solution

AI Generated Solution

The correct Answer is:
To find Ram's monthly income, we can follow these steps: ### Step 1: Define the variables Let Ram's monthly income be \( R \) and Shyam's monthly income be \( S \). ### Step 2: Set up the equations based on the information given 1. Ram saves 30% of his income, so his expenditure is: \[ \text{Expenditure of Ram} = R - 0.30R = 0.70R \] 2. Shyam saves 44% of his income, so his expenditure is: \[ \text{Expenditure of Shyam} = S - 0.44S = 0.56S \] 3. Since their expenditures are equal: \[ 0.70R = 0.56S \] ### Step 3: Use the difference in their incomes We know that the difference between their incomes is ₹5000: \[ R - S = 5000 \quad \text{(1)} \] ### Step 4: Rearranging the expenditure equation From the equation \( 0.70R = 0.56S \), we can express \( S \) in terms of \( R \): \[ S = \frac{0.70R}{0.56} = \frac{70R}{56} = \frac{5R}{4} \quad \text{(2)} \] ### Step 5: Substitute equation (2) into equation (1) Substituting \( S \) from equation (2) into equation (1): \[ R - \frac{5R}{4} = 5000 \] To simplify: \[ R - \frac{5R}{4} = \frac{4R}{4} - \frac{5R}{4} = -\frac{R}{4} = 5000 \] Multiplying both sides by -4: \[ R = -5000 \times -4 = 20000 \] ### Step 6: Conclusion Thus, Ram's monthly income is: \[ \boxed{20000} \] ---
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