Question
Download Solution PDFThe table given below shows the income and expenditure of a company in five years.
|
Years |
Income |
Expenditure |
|
A |
350 |
150 |
|
B |
250 |
100 |
|
C |
200 |
150 |
|
D |
400 |
100 |
|
E |
150 |
75 |
Saving = Income - Expenditure
What is the average saving in all years?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation:
The savings for each year, which is Income - Expenditure:
Year A: 350 - 150 = 200
Year B: 250 - 100 = 150
Year C: 200 - 150 = 50
Year D: 400 - 100 = 300
Year E: 150 - 75 = 75
Now, add up all the savings:
200 + 150 + 50 + 300 + 75 = 775
There are 5 years, so to find the average savings, divide the total savings by the number of years:
775/5 = 155
So, the average savings in all years is 155.
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