BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$762.28
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$762.23
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$1, 016.30
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Detailed explanation-1: -To get the average, add up the amount of money spent for 12 consecutive months, then divide by 12. This will give an average of how much has been spent per month. Calculating average monthly expenses requires actual or estimated figures for all monthly costs.
Detailed explanation-2: -To calculate the average expenditure per household reporting the purchase of an item, divide the average household expenditure on that item by the corresponding percentage reporting and then multiply by 100.
Detailed explanation-3: -The average household’s monthly expenses are $5, 577 ($66, 928 per year). The average annual income after taxes is $78, 743. Housing is the largest average cost at $1, 885 per month, making up 34% of typical spending.
Detailed explanation-4: -The average expenditure of Mahesh for the January to June is Rs. 8400 and he spends Rs. 2400 in January and Rs. 3000 in July.