A man earns ₹8000 in Jan, ₹9000 in Feb, ₹10000 in Mar. What's the average monthly income?
- AOption (a)
16000
- BOption (b)
9000
- COption (c)
2500
- DOption (d)
3000
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Correct answer
9000
Why this answer is correct
Shortcut Trick
The monthly incomes ₹8000, ₹9000, and ₹10000 form an Arithmetic Progression (AP).
For a series in Arithmetic Progression with an odd number of terms, the Average is always the Middle Term.
Here, the middle term is ₹9000.
∴ The correct answer is ₹9000.
Alternate Method
Given:
Income in January = ₹8000
Income in February = ₹9000
Income in March = ₹10000
Formula Used:
Average Income = (Sum of incomes) ÷ (Number of months)
Jan: ₹8000
Feb: ₹9000
Mar: ₹10000
Balance Point (Average)
Calculations:
⇒ Total Income = 8000 + 9000 + 10000
⇒ Total Income = ₹27000
⇒ Number of months = 3
⇒ Average Monthly Income = 27000 ÷ 3
⇒ Average Monthly Income = ₹9000
∴ The correct answer is ₹9000.
Additional Information
Average in Arithmetic Progression
For any series where the difference between consecutive terms is constant, Average = (First term + Last term) ÷ 2.
Sum of Observations
Total Sum = Average × Number of observations. This is useful for finding missing values in a data set.
Effect of Change on Average
If every observation is increased or decreased by a constant value 'k', the new average also increases or decreases by 'k'.