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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Average annual expense for A(in thousands) = Sum of all annual expenses for A(in thousands)/Total no of years =
(105+185+100+120+110)/100 = 620/5
Similarly,
Average annual expense for B(in thousands) = (135+115+130+125+135)/5 = 640/5
Average annual expense for C(in thousands) = (165+155+190+100+100)/5 = 710/5
C has the highest average expense for given period.