A company, at the time of inflation reduced the staff in the ratio 5 : 3 and average salary per employee is increased in the ratio 7 : 8. By doing so, the company saved Rs 55000. What was the initial expenditure (in Rs) of company?

A company, at the time of inflation reduced the staff in the ratio 5 : 3 and average salary per employee is increased in the ratio 7 : 8. By doing so, the company saved Rs 55000. What was the initial expenditure (in Rs) of company?
1). 155000
2). 160000
3). 175000
4). 215000

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