Question

The salaries of 4 players on a professional basketball team average $200,000 per year. If a fifth player is hired for $400,000 per year, what will be the average salary for the 5 players? Answer with supporting work:​

Answer 1

If salary average of 4 players is making $200,000/yr, what's the total payroll? It should be $200K x 4 or $800,000.

Now if you add in that 5th player at $400,000 what is the total payroll of all 5 players? It should be $800,000 + $400,000 = 1,200,000. From there you can find the average of the 5 players by dividing!