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A 20% hike in bus fare resulted in a 10%...

A 20% hike in bus fare resulted in a 10% fall in passenger traffic, still the daily collection at the bus depot increased by Rs 150. The daily collection at the depot after the fare hike is

A

1600

B

1750

C

2025

D

1875

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break it down into manageable parts. ### Step 1: Define the Variables Let the original bus fare per person be Rs. X. ### Step 2: Calculate the New Fare After the Hike A 20% hike in the bus fare means the new fare will be: \[ \text{New Fare} = X + 0.20X = 1.20X \] ### Step 3: Determine the Impact on Passenger Traffic A 10% fall in passenger traffic means that if the original number of passengers is P, the new number of passengers will be: \[ \text{New Passengers} = P - 0.10P = 0.90P \] ### Step 4: Calculate the Original Daily Collection The original daily collection at the bus depot can be calculated as: \[ \text{Original Collection} = \text{Original Fare} \times \text{Original Passengers} = X \times P = XP \] ### Step 5: Calculate the New Daily Collection After the Fare Hike The new daily collection after the fare hike will be: \[ \text{New Collection} = \text{New Fare} \times \text{New Passengers} = (1.20X) \times (0.90P) = 1.08XP \] ### Step 6: Set Up the Equation for the Increase in Collection According to the problem, the new collection is Rs. 150 more than the original collection: \[ 1.08XP = XP + 150 \] ### Step 7: Simplify the Equation Subtract XP from both sides: \[ 1.08XP - XP = 150 \] \[ 0.08XP = 150 \] ### Step 8: Solve for XP Now, divide both sides by 0.08 to find XP: \[ XP = \frac{150}{0.08} = 1875 \] ### Step 9: Calculate the New Daily Collection Now that we have the original collection (XP), we can find the new collection: \[ \text{New Collection} = XP + 150 = 1875 + 150 = 2025 \] ### Final Answer The daily collection at the depot after the fare hike is Rs. 2025. ---
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