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Worked Examples · Example 1

Q.The average monthly savings of a company was Rs. 12 Lakh for the first 3 months, Rs. 12.5 Lakh for the next 4 months and Rs. 31.2 Lakh during the next 5 months of a year. Total expenditure during the year is 78 Lakh. Find the average monthly earnings of the company.

Sikkim CbseNCERTSubjective· 3mImportance★★★★★est
19% · 13/70 Questions
✓ Free question

Add up the total savings over the year, add the total expenditure to get total earnings, then divide by 12 months.

Average =Sum of observationsNumber of observations= \dfrac{\text{Sum of observations}}{\text{Number of observations}}, and for a company: Earnings == Savings ++ Expenditure.

  1. Savings for the first 3 months: 3×12=363 \times 12 = 36 Lakh.
  2. Savings for the next 4 months: 4×12.5=504 \times 12.5 = 50 Lakh.
  3. Savings for the next 5 months: 5×31.2=1565 \times 31.2 = 156 Lakh.
  4. Total months covered: 3+4+5=123+4+5 = 12 (the full year). Total savings =36+50+156=242= 36+50+156 = 242 Lakh.
  5. Total expenditure during the year (given) =78= 78 Lakh.
  6. Total earnings == Total savings ++ Total expenditure =242+78=320= 242+78 = 320 Lakh.
  7. Average monthly earnings =32012=26.66‾= \dfrac{320}{12} = 26.6\overline{6} Lakh ≈\approx ₹26.67 Lakh.
  8. Self-check: 26.67×12=320.04≈32026.67 \times 12 = 320.04 \approx 320 ✓.
✓Final answer

The average monthly earnings of the company are ≈\approx ₹26.67 Lakh (about ₹26,66,667 per month).

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