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A family in Kochi spent on average ₹22,000 a month for the first 4 months of a year, ₹24,500 a month for the next 5 months and ₹27,000 a month for the last 3 months. It saved ₹36,000 over the year. What was its average monthly income?

Competition practiceStatistics
  • A₹24,291.67
  • B₹27,291.67
  • C₹27,000
  • D₹24,500

Step-by-Step Solution

Annual spending . Income ; per month . (₹24,291.67 is the average spending.)
Answer: B) ₹27,291.67

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