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The monthly income of 4 members of a family are 10000, 20000, 50000 and 60000. If 2 members of the family are retired and gets a pension of 120 per day and 1 member of the family does not earn, find the average income of the family for the month of February 2020.

Correct Answer: 20994.28
Total income of the earning members of the family = 10000 + 20000 + 50000 + 60000 = 140000 Total pension received for the month of February (29 days) = 120 * 29 = 3480 per person Total number of members in the family = 7 (4 earning, 2 on pension and 1 who does not earn) Total income = 140000 + 3480 + 3480 = 146960 Average income per person = 146960 / 7 = 20994.28

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