Due to reduction in the bus fare by 15%, the number of passengers on a certain route increased by 40% then. What will be the percentage increase in revenue?
Created: 6 years ago |
Updated: 2 years ago
best des
Let the initial bus fare and number of passengers be X and Y respectively.
Then initial revenue = XY.
Decreased bus fare = X - 15% of X = X - 0.15X = 0.85X
Number of passengers = Y + 40% of Y = Y + 0.4Y = 1.4Y
New total revenue = 0.85X × 1.4Y = 1.19XY
Increase in revenue = (1.19XY - XY) / (XY) × 100% = 19%
Md Azizur Rahman
Founder of Satt
Related Question
View More
Created: 6 years ago |
Updated: 3 months ago
Created: 6 years ago |
Updated: 1 month ago
Created: 6 years ago |
Updated: 3 months ago
Promotion
Download Our Mobile Apps
