Find his monthly average income if he saves Rs. 2900 during the year?

The average expenditure of a man for the first five months is 1200 and for the next seven months is Rs.1300. Find his monthly average income if he saves Rs. 2900 during the year

1. Rs. 1500
2. Rs. 1475
3. Rs. 1450
4. Rs. 1425
Anurag Mishra Professor Asked on 24th January 2016 in

Explanation:-
The average expenditure of a man for the first five months = Rs. 1200
Therefore, the sum of expenditure of money foe the first five months = 5 x 1200
= Rs. 6, 000

The average expenditure for next seven months = Rs. 1300
Therefore, the sum of expenditure of money for next seven months = 7 x 1300
= Rs.9, 100

Then, the total expenditure of a man during the year = 6, 000 + 9, 100
= Rs. 15, 100

He saves in the year = Rs. 2, 900

So, the total income of a year = 15, 100 + 2, 900
= Rs. 18, 000

Then, his monthly average income = 18, 000/12
= Rs. 1, 500

Hence, the correct answer is (1) Rs. 1, 500.

Anurag Mishra Professor Answered on 24th January 2016.