Math Problem Statement
One year ago the ratio of income of A & B is 3 : 5. The ratio of their LYI to CYI is 2 : 3 and 4 : 5. If their total CYI is Rs. 4300. Find their present income individually?
Solution
We are given the following details:
- One year ago, the ratio of income between A and B was .
- The ratio of last year’s income (LYI) to current year's income (CYI) is:
- For A:
- For B:
- The total current income (CYI) of A and B combined is .
Step 1: Let’s assume their last year's incomes
Let:
- A’s last year income (LYI) =
- B’s last year income (LYI) =
Step 2: Express current incomes using ratios
Using the given ratios of LYI to CYI:
- For A: LYI to CYI is , meaning current income of A is times their LYI:
- For B: LYI to CYI is , meaning current income of B is times their LYI:
Step 3: Sum of current incomes
The total current income of A and B is given as Rs. 4300, so:
Step 4: Solve the equation
To simplify, find a common denominator: Multiply both sides by 4: Solve for :
Step 5: Find individual current incomes
- A’s CYI =
- B’s CYI =
Final Answer:
- A's current income is Rs. 1800.
- B's current income is Rs. 2500.
Let me know if you need more details!
Here are 5 related questions to expand on this:
- What would happen if A and B's income ratio last year was reversed?
- How would the calculation change if the total income was different?
- What if only one person’s income increased, how would we calculate that?
- Can we determine the percentage increase in their incomes from last year?
- How would this problem change if their current total income was given as a ratio?
Tip: When solving ratio problems, it's useful to convert ratios into algebraic expressions to simplify calculations.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Ratios
Proportions
Algebra
Formulas
Income ratio formula: A's CYI = (3/2) * A's LYI
Income ratio formula: B's CYI = (5/4) * B's LYI
Total current income: A's CYI + B's CYI = Rs. 4300
Theorems
Ratio and Proportion
Suitable Grade Level
Grades 8-10