Question : The table given below shows the savings and expenditures of 5 companies.
Income = Expenditure + Savings What is the average income of all 5 companies?
Option 1: 440
Option 2: 360
Option 3: 480
Option 4: 390
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Correct Answer: 440
Solution : Income of Company P = 150 + 50 = 200 Income of Company Q= 400 + 200 = 600 Income of Company R = 300 + 150 = 450 Income of Company S = 150 + 100 = 250 Income of Company T = 200 + 500 = 700 Average income of all 5 companies = $\frac{(200 + 600 + 450 + 250 + 700)}{5} = \frac{2200}{5} = 440$ Hence, the correct answer is 440.
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