Use this example as a guide and calculate the weighted average of John's business profits

Weighted average calculation example for five years earnings of a business.

60,000 x 5 = $300,000 (profit for the most recent year X the weight of 5 since we have a 5-year period)

55,000 x 4 = $220,000

45,000 x 3 = $135,000

40,000 x 2 = $80,000

60,000 x1 = $ 60,000

795,000 /15 = $53,000 (this is the weighted average of the profits)

John's data for three years profit

2020 profit = 40,000

2019 profit = 45,000

2018 profit = 60,000

What is the weighted average of John's profits for the three years.

		$90,000
		$48,333
		$45,000
		$145,000