The average monthly income of a family of 5 is Rs. 10,000. What will be the average monthly income if the annual income of one person of the family is increased by Rs. 1,20,000?
A. 12,000
B. 16,000
C. 20,000
D. 34,000
Answer: Option A
Solution (By Examveda Team)
Annual income of family = 10,000 x 5 x 12 = Rs 600000Increase in Salary Rs 120000
New Annual income of family = Rs. 720000
The average monthly income = 720000/(12 x 5) =
This Question Belongs to User Ask Question >> Miscellaneous
I think the answer you mentioned is not right, because the increase in salary of Rs. 1,20,000 is for each person not for the whole family.
The new annual income of the family would be 12,00,000.
The average monthly income of each person should be 10,000+10,000 = Rs. 20,000
Please help sir.