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?
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
