Question
Download Solution PDFThe table given below shows the marked price and value of discount of 7 articles.
|
Articles |
Marked price |
Discount |
|
D |
1100 |
500 |
|
E |
700 |
200 |
|
F |
900 |
500 |
|
G |
600 |
400 |
|
H |
400 |
300 |
|
I |
500 |
200 |
|
J |
1000 |
200 |
What is the average marked price of all the articles?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula Used:
Average = \(\frac{\text{Sum of the observation}}{\text{Total observation}}\)
Calculations:
The sum of all 7 article marked price is
⇒ Sum = 1100 + 700 + 900 + 600 + 400 + 500 + 1000 = 5200
According to the formula,
⇒ Average = \(\frac{\text{Sum of the observation}}{\text{Total observation}}\)
⇒ Average = \(\frac{\text{5200}}{\text{7}}\)
⇒ Average = 742.85
⇒ Hence, The average price of all 7 articles marked price is 742.85
Last updated on Jul 9, 2025
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