Question

The ratio of savings to expenditure is 2:8 find the savings if the expenditure is 24,000​

Answer 1

the savings is 6000

Explanation:

We are told that the ratio of savings to expenditure is 2: 8, that is, that person saves 2 when he spends 8.

They tell us to find the savings when the cost is 24,000, so we are left with:

24000 * 2/8 = 6000

which means that when 24000 are spent the savings is 6000