Question

The King's records for January, February, March, April and May show that their expendiures totaled $3,012, $2,977, $2,340, $3,333 and $2,765, respectively. What is their average monthly expenditure for the five months?

Answer 1

Average cost= $2,885.4

Explanation:

Giving the following information:

February, March, April and May show that their expendiures totaled $3,012, $2,977, $2,340, $3,333 and $2,765, respectively.

First, we need to calculate the total expenditures:

Total cost= 3,012 + 2,977 + 2,340 + 3,333 + 2,765

Total cost= $14,427

Now the average cost:

Average cost= total cost / number of moths

Average cost= 14,427 / 5

Average cost= $2,885.4