The table given below shows the cost price and selling price of four articles.
| Articles | Cost Price | Selling Price |
| P | 300 | 250 |
| Q | 400 | 375 |
| R | 350 | 250 |
| S | 500 | 350 |
What is the average value of loss of article ?
Answer & explanation
Correct answer: option 3
Total loss = (300-250) + (400-375) + (350-250) + (500-350)
= 50 + 25 + 100 + 150
= 325
Average of loss of article = \(\frac{325}{4}\)
= 81.25