1. Rs 34
  2. Rs. 68
  3. Rs. 80
  4. Rs. 96
  5. Rs. 45

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Option 3 : Rs. 80

Average = (sum of elements)/(number of elements)

Let the money spent by fifth student be Rs. M and average money spent by all five students be N.

Given,

Four of them spent Rs. 100 on their shopping

Total amount of money spent by four students = 4 × 100 = 400

Total amount of money spent by four students is Rs. 400.

Total amount of money spent by all five students = 400 + M

Average money spent by all five students = total amount of money spent by all five students/ 5

⇒ N = (400 + M)/5

Given,

And fifth student spent Rs. 16 less than the average expenditure of all the five -

⇒ M = N - 16

⇒ N = M + 16

Then,

⇒ (M + 16) = (400 + M)/5

⇒ 5M + 80 = 400 + M

⇒ 4M = 400 - 80

⇒ 4M = 320

⇒ M = 80

∴ Money spent by fifth student is Rs. 80.
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