For the past five months, a merchant has made sales of Rs. 6,435, Rs. 6,927, Rs. 6,855, Rs. 7,230, and Rs. 6,562. What amount of sales does he need in the sixth month to achieve an average sale of Rs. 6,500?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 4,991.
Total target sales for 6 months = 6 × 6500 = 39000
Sales for the first 5 months = 6435 + 6927 + 6855 + 7230 + 6562 = 34009
Sales needed in the 6th month = 39000 - 34009 = 4991