The average expenditure of a man for the first 4 months of a year is Rs. 3000 and for the next eight months it is Rs. 2000. He saves Rs. 8000 during the year. His average monthly income is
- AOption (a)
Rs.3600
- BOption (b)
Rs.3300
- COption (c)
Rs.3000
- DOption (d)
Rs.2800
- EOption (e)
Rs.3500
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Correct answer
Rs.3000
Why this answer is correct
Shortcut Trick
Total Expenditure = (4 × 3000) + (8 × 2000) = 12000 + 16000 = ₹28000.
Total Income = Total Expenditure + Total Savings = 28000 + 8000 = ₹36000.
Average Monthly Income = Total Income ÷ 12 = 36000 ÷ 12 = ₹3000.
∴ The correct answer is ₹3000.
Alternate Method
Given:
Average Expenditure (Months 1-4) = ₹3000
Average Expenditure (Months 5-12) = ₹2000
Total Savings for 12 months = ₹8000
Formula Used:
Total Income = Total Expenditure + Savings
Average Monthly Income = Total Income ÷ 12
Calculations:
⇒ Total Expenditure = (4 × 3000) + (8 × 2000)
⇒ Total Expenditure = 12000 + 16000 = ₹28000
⇒ Total Income = 28000 + 8000 = ₹36000
⇒ Average Monthly Income = 36000 ÷ 12
⇒ Average Monthly Income = ₹3000
∴ The correct answer is ₹3000.
Additional Information
Income-Expenditure Relation
Income is always the sum of Expenditure and Savings. Income = Expenditure + Savings.
Average Income Formula
Average Monthly Income = (Total Annual Expenditure + Total Annual Savings) ÷ 12.
Weighted Average
If expenditure varies, total expenditure = Σ(Number of months × Average expenditure of those months).
