Sudesh is the owner of a multipurpose shop. For a specific month, his profits are detailed below.
| Category | Profit earned in |
| Groceries | 50000 |
| Cosmetics | 20000 |
| Ladies' dresses | 10000 |
In order to estimate the expected profit for the next month, he assigns the weights of 6, 5, and 8 to the different categories in the same order. What will be the weighted average of his profits?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 25,263.16 (nearly).
He assigns the weights of 6, 5 and 8 to the different categories in the same order
According to the question
The average weight = (6 × 50000 + 5 × 20000 + 8 × 10000)/(6 + 5 + 8)
⇒ (300000 + 100000 + 80000)/19
⇒ 480000/19 = 25263.16 (nearly)