If total revenue is 3000,cost of goods is $1500, and a total selling expensesis $500; what is the profit for business?
1 answer:
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Solution: We are given below data:
Now to find the mean deviation, we use the below formula:
Where:
represents the summation
X, represents the observation.
represents the mean
N represents the number of observation.
Therefore, the mean deviation is:
= 4