Question
The average expenditure of a man for the first 4 month
is Rs.4000 and for the next 8 months is Rs.6000. If he saves 11000 in that year then find his average monthly income.Solution
Total expenditure in first 4 months = 4 × 4000 = Rs.16000 Total expenditure in last 8 month = 8 × 6000 = Rs.48000 Total income of the man in a year = 16000 + 48000 + 11000 = Rs.75000 So average income in a month = 75000/12 = Rs. 6250
More Average Questions
If the Reserve Bank of India wants to contract credit in the economy, it would most likely:
Provision for bad and doubtful debts is based on the principle of
A bank needs liquidity for which of the following?
                     I.       Meeting deposit withdrawals
...Who can be the participants in the Call Money Market
1. Scheduled Commercial Banks (excl Local Area Banks)
2. Small Finance Banks and Paym...
Relevant for Exams:
