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Question 1
In a retail outlet, the average revenue was Rs.10,000 per day over a 30 day period. During this period, the average revenue on weekends (total 8 days) was Rs. 20,000 per day. What was the average daily revenue on weekdays?
Solution
Total revenue of the 30-day period = Rs.10000 x 30 days = Rs.300000
Total revenue of the weekends (8 days) = Rs.20000 x 8 days = Rs. 160000
Total revenue of weekdays = (300000-160000) = Rs. 140000
Avg. daily revenue on weekdays = 140000/22 = Rs.6363.63Â $$\approx\ $$ Rs.6364
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