### Core Concept The problem involves ratios of expenditures, income, and savings. We use the concept of ratios and algebraic manipulation to find the required ratio of incomes.
### Step-by-Step Solution
1
Let the expenditures be:
EMIL=76
IL=76×3k=718k
3
Calculate Lakshmi's savings:
Savings
SL=IL−EL=718k−2k=718k−14k=74k
SMSL=94
SM4k/7=94⇒SM=79k
5
Calculate Meenakshi's income:
SM=IM−EM⇒79k=IM−3k
IM=3k+79k=721k+9k=730k
6
Find the ratio of incomes:
\( I_L : I_M =
718k:730k = 18 : 3