MANAGEMENT

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.

Detailed explanation-2: -While this includes your recurring living expenses, such as your rent or mortgage, car payment, and utilities, it also includes the more variable amounts you spend on haircuts, groceries, and clothes each month.

Detailed explanation-3: -The average expenditure of a man for the first 4 months is Rs 28000 and for the next 8 months is Rs 28500.

Detailed explanation-4: -It is calculated by dividing the total expenditure on an item for a given sub group of households (to calculate, see above) by the total expenditure on the item for all households and then multiplying by 100.