Question
Download Solution PDFRamesh’s expenditure in January, February, March and April was ₹28,312, ₹32,252, ₹25,012 and ₹33,500, respectively. What was his average expenditure (in ₹) during these four months?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Expenditure in January = ₹28,312
Expenditure in February = ₹32,252
Expenditure in March = ₹25,012
Expenditure in April = ₹33,500
Formula used:
Average Expenditure = \(\frac{\text{Sum of all expenditures}}{\text{Number of months}}\)
Calculation:
Sum of expenditures = ₹28,312 + ₹32,252 + ₹25,012 + ₹33,500
⇒ Sum = ₹119,076
Number of months = 4
Average Expenditure = \(\frac{₹119,076}{4}\)
⇒ Average Expenditure = ₹29,769
∴ The correct answer is option (3).
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