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      Question

      The average income of a group of 30 freelancers is Rs.

      500. If 3 freelancers earning an average of Rs. 550 leave the group and 1 freelancer earning Rs. N joins the group, then the average income of the group increases by Rs. 60. Find the value of β€˜N’.
      A 1200 Correct Answer Incorrect Answer
      B 2800 Correct Answer Incorrect Answer
      C 2330 Correct Answer Incorrect Answer
      D 2250 Correct Answer Incorrect Answer

      Solution

      Total income of 30 freelancers initially = 30 Γ— 500 = Rs. 15000 New average income of the group = 500 + 60 = Rs. 560 New number of freelancers in the group = 30 - 3 + 1 = 28 According to the question, 15000 - 3 Γ— 550 + N = 560 Γ— 28 Or, 15000 - 1650 + N = 15680 Or, 13350 + N = 15680 Or, N = 15680 - 13350 = 2330

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