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Questions
A store’s average monthly revenue for the first three months of the year was $12,000. The average monthly revenue for the entire year was $18,000.
What was the average monthly revenue for the last nine months?
total revenue divided by # of months equals monthly revenue.
1800 / 9 = ____
sorry,
18000 / 9 = ____
To find the average monthly revenue for the last nine months of the year, we need to subtract the revenue from the first three months from the total revenue for the entire year and then divide the result by nine.
Step 1: Calculate the total revenue for the entire year.
Since the average monthly revenue for the entire year was $18,000, we can multiply this average by 12 to find the total revenue for the year.
Total revenue for the year = Average monthly revenue × Number of months
Total revenue for the year = $18,000 × 12 = $216,000
Step 2: Calculate the revenue for the first three months.
Given that the average monthly revenue for the first three months was $12,000, we can multiply this average by three to find the revenue for the first three months.
Revenue for the first three months = Average monthly revenue × Number of months
Revenue for the first three months = $12,000 × 3 = $36,000
Step 3: Calculate the revenue for the last nine months.
To find the revenue for the last nine months, we subtract the revenue for the first three months from the total revenue for the year.
Revenue for the last nine months = Total revenue for the year - Revenue for the first three months
Revenue for the last nine months = $216,000 - $36,000 = $180,000
Step 4: Calculate the average monthly revenue for the last nine months.
To find the average monthly revenue for the last nine months, we divide the revenue for the last nine months by the number of months (nine).
Average monthly revenue for the last nine months = Revenue for the last nine months ÷ Number of months
Average monthly revenue for the last nine months = $180,000 ÷ 9 = $20,000
Therefore, the average monthly revenue for the last nine months was $20,000.