Question
Download Solution PDFThe table given below shows the income and expenditure of five companies.
| Companies | Income | Expenditure |
| A | 55 | 50 |
| B | 50 | 40 |
| C | 35 | 32 |
| D | 40 | 35 |
| E | 60 | 50 |
What is the difference between average income and average expenditure of all the companies?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
Average income is ,
⇒ (55 + 50 + 35 + 40 + 60) / 5
⇒ 240 / 5 = 48
Average expenditure is ,
⇒ (50 + 40 + 32 + 35 + 50) / 5
⇒ 207 / 5 = 41.4
So the difference is 48 - 41.4 = 6.6
∴ The correct option is 3
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