The average monthly salary of 25 employees in an office is ₹32,000. An employee earning ₹56,000 retires. What is the average salary of the remaining 24 employees?

Explanation

1. 01

   Total = $25 \times 32{,}000$ = ₹8,00,000.

2. 02

   After the retirement: $8{,}00{,}000 - 56{,}000$ = ₹7,44,000 for 24 people.

3. 03

   New average = $\frac{744000}{24} = 31000$, i.e. ₹31,000.