The average cost of 7 magazines is $30.
After a magazine that costs $60 is removed,
- What is new total cost of all the remaining magazines?
- What is new average cost of all the remaining magazines?
(a)
Total cost of 7 magazines
= 7 x 30
= $210
New total cost of all the remaining magazines
= 210 - 60
= $150
(b)
Number of remaining magazines
= 7 - 1
= 6
New average cost of all the remaining magazines
= 150 ÷ 6
= $25
Answer(s): (a) $150; (b) $25