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The average expenditure of a man for the first five months is ₹ 1200 and for the next seven months is ₹ 1300. If he saves ₹ 2900 in that year, his monthly average income is :
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- ₹ 1500
- ₹ 1600
- ₹ 1700
- ₹ 1400
- ₹ 1500
Correct Option: A
Given that ,The average expenditure of a man for the first five months = ₹ 1200
The average expenditure for the next seven months = ₹ 1300.
His savings = ₹ 2900
Total annual expenditure of man = Rs.(5 × 1200 + 7 × 1300)
Total annual expenditure of man = Rs. (6000 + 9100) = Rs. 15100
His total annual income = Rs. (15100 + 2900) = Rs. 18000
| ∴ Average monthly income = | |
| 12 |
Average monthly income = Rs. 1500
