Incomes of A and B are in the ratio 4 : 3 and their annual

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Incomes of A and B are in the ratio 4 : 3 and their annual expenses in the ratio 3 : 2. If each saves ₹ 60,000 at the end of the year, the annual income of A is

1. ₹ 1,20,000
2. ₹ 1,50,000
3. ₹ 2,40,000
4. ₹ 3,60,000

Correct Option: C

Let the annual income of A and B be ₹ 4x and ₹ 3x and their income be Rs. 3y and Rs. 2y. respectively.
∴ 4x – 3y = 60000 ...(i)
and 3x – 2y = 60000 ...(ii)
Clearly, 4x – 3y = 3x – 2y
⇒ x = y
From equation (i),
x = 60000
∴ A’s annual income
= 4x = 4 × 60000
= ₹ 240000