The monthly income of 4 members of a family are 10000, 20000, 50000 and 60000. If 2 members of the family are retired and gets a pension of 120 per day and 1 member of the family does not earn, find the average income of the family for the month of February 2020.

The monthly income of 4 members of a family are 10000, 20000, 50000 and 60000. If 2 members of the family are retired and gets a pension of 120 per day and 1 member of the family does not earn, find the average income of the family for the month of February 2020. Correct Answer 20994.28

Total income of the earning members of the family = 10000 + 20000 + 50000 + 60000 = 140000 Total pension received for the month of February (29 days) = 120 * 29 = 3480 per person Total number of members in the family = 7 (4 earning, 2 on pension and 1 who does not earn) Total income = 140000 + 3480 + 3480 = 146960 Average income per person = 146960 / 7 = 20994.28
Average
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