In a retail outlet, the average revenue was Rs.10,000 per day over a 30 day period. During this period, the average revenue on weekends (total 8 days) was Rs. 20,000 per day. What was the average daily revenue on weekdays?
- 6364
- 5250
- 6570
- 8060
The Correct Option is A
Solution and Explanation
To find the average daily revenue on weekdays, we can follow these steps:
- First, calculate the total revenue for the 30 days period where the average revenue is Rs.10,000 per day:
Total Revenue = 30 days × Rs. 10,000/day = Rs. 300,000 - Determine the total revenue earned on weekends. Given that the average weekend revenue is Rs.20,000 per day over 8 days:
Total Weekend Revenue = 8 days × Rs. 20,000/day = Rs. 160,000 - Now, compute the total revenue for the weekdays by subtracting the total weekend revenue from the total revenue over the 30 period:
Total Weekday Revenue = Total Revenue - Total Weekend Revenue
= Rs. 300,000 - Rs. 160,000 = Rs. 140,000 - Finally, find the average daily revenue on weekdays. There are 22 weekdays in the 30 day period (30 days - 8 weekend days):
Average Daily Weekday Revenue = Total Weekday Revenue / Number of Weekdays
= Rs. 140,000 / 22 days ≈ Rs. 6364
Thus, the average daily revenue on weekdays is approximately Rs. 6364.
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