The average cost of 6 novels is $50.
After a novel that costs $70 is removed,
- What is new total cost of all the remaining novels?
- What is new average cost of all the remaining novels?
(a)
Total cost of 6 novels
= 6 x 50
= $300
New total cost of all the remaining novels
= 300 - 70
= $230
(b)
Number of remaining novels
= 6 - 1
= 5
New average cost of all the remaining novels
= 230 ÷ 5
= $46
Answer(s): (a) $230; (b) $46