The average cost of 3 novels is $60.
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 3 novels
= 3 x 60
= $180
New total cost of all the remaining novels
= 180 - 70
= $110
(b)
Number of remaining novels
= 3 - 1
= 2
New average cost of all the remaining novels
= 110 ÷ 2
= $55
Answer(s): (a) $110; (b) $55