There are 4 members in a house the per capita income of 4 members are $7000. The income of 3 members is 5000,8000,4500. Calculate the income of 4th member
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Income of i member = 5000
Income of ii member = 8000
Income of iii member = 4500
Income of iv member = ?
Per capita income = 7000
Per Capita Income = Total income of the population / No. of population
7000 = 5000 + 8000 + 4500 + x / 4
4 * 7000 = 5000 + 8000 + 4500 + x
28000 = 17500 + x
x = 28000 - 17500
x = 10500
Income of iv member is 10,500
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