Practicing Success
The table given below shows the cost price and selling of four different articles.
What is the difference between the average selling price and average cost price of all the articles? |
110 160 710 140 |
110 |
Average selling price = \(\frac{ 750 + 450 + 650 + 650 }{4}\) = \(\frac{ 2500 }{4}\) = 625 Average Cost price = \(\frac{650 + 370 + 450 + 590 }{4}\) = \(\frac{ 2060 }{4}\) = 515 Difference = 625 - 515 = 110 |