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Question : The average expenditure of a man for the first five months is INR 1,200 and for the next seven months is INR 1,300. If he saves INR 2,900 in that year, his monthly average income is:

Option 1: INR 1,500

Option 2: INR 1,600

Option 3: INR 1,700

Option 4: INR 1,400


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: INR 1,500


Solution : The average expenditure of a man for the first five months = INR 1,200
The average expenditure of a man for the next seven months = INR 1,300
Total annual expenditure = 5 × 1200 + 7 × 1300 = INR 15,100
Savings = INR 2,900
Total annual income = 15100 + 2900 = INR 18,000
Average monthly income = $\frac{18000}{12}$ = INR 1,500
Hence, the correct answer is INR 1,500.

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