Question

For the year 2008, 2009,2010 if the rate of gross
profit were 15%, 20%, and 18% respectively, then
the rate of Average gross profit for the year 2011
will be:​

Answer 1

Question :- For the year 2008, 2009,2010 if the rate of gross profit were 15%, 20%, and 18% respectively, then the rate of Average gross profit for the year 2011 will be ?

Solution :-

we know that,

• Average = (Sum of observation) / (Total number of observations) .

given that,

• Rate of gross profit in 2008 = 15% .
• Rate of gross profit in 2009 = 20% .
• Rate of gross profit in 2010 = 18% .

then,

→ Rate of gross profit in (2008 + 2009 + 2010) = 15% + 20% + 18% = 53% .

therefore,

→ The Average gross profit for the year 2011 = (Total gross Profit) / 3 = 53/3 ≈ 17.67% (Ans.)

Hence, The Average gross profit for the year 2011 will be 17.67% .

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