The average monthly income of a person in a certain family of 5 members is ₹ 1000. What will be monthly average income of a person in the same family, if the income of one person increased by ₹ 12000 per year?

₹ 1200
₹ 1600
₹ 2000
₹ 3400

Correct Answer: ₹ 1200

Explanation:

Total Income of the family per month
= 5 x 1000
= ₹ 5000
Increased amount per month = 12000/12 = ₹ 1000
Now, total amount of family income = ₹ 6000 per month
So, the average income of the family per month after increase = 6000/5
= ₹ 1200

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