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Study the given information carefully an...

Study the given information carefully and answer the given questions
The revenue of a given railway zone was collected from four primary sources— Offline Ticket Sales, Online Ticket Sales, Freight, fines during three Financial Years (FY2013-14, FY2014-15, FY2015-16)
2013-14: Total revenue collected was ₹3500 crore, Fines(₹ x crore) comprised `7 6/7%` of the total revenue and revenue from online ticket sales was ₹x+300 crore. Revenue from freight was `12%` more than that from offline ticket sales
FY 2014-15 : Revenue from online ticket sale increased by 25 crores over FY 2013-14. Revenue from offline ticket sale was 40 % of the total revenue in FY 2014-15. Revenue from Freight and Fines was in the respective ratio of `5:1`
FY 2015-16: Revenue from fines in FY 2013-14 was `11/16` th of that in FY2015-16. Revenue from online ticket sales increased by `50%` over that in FY 2014-15 and that from offline ticket sales was the average of that in FY 2013-14 and 2014- 15. Revenue from freight has been and will continue to increase steadily by ₹250 crore every financial year
Revenue from fines comprised two sources-vendors and passengers. Fines from passengers (₹Y crore) remained constant in FY 2013-14 and FY 2014-15. If the fine from vendors in FY 2013-14 was `55%` of that in FY 2014-15, what was the value of y?

A

180

B

200

C

218

D

208

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down the information provided for each financial year and calculate the required values systematically. ### Step 1: Calculate the fines for FY 2013-14 The total revenue for FY 2013-14 is ₹3500 crore. The fines (₹x crore) comprised \(7 \frac{6}{7}\%\) of the total revenue. Convert \(7 \frac{6}{7}\%\) to a fraction: \[ 7 \frac{6}{7}\% = \frac{55}{7}\% \] Now, calculate the amount of fines: \[ \text{Fines} = \frac{55}{7} \times \frac{3500}{100} = \frac{55 \times 3500}{700} = \frac{192500}{700} = 275 \text{ crore} \] ### Step 2: Calculate the revenue from online ticket sales for FY 2013-14 Given that revenue from online ticket sales was \(x + 300\) crore, where \(x\) is the fines calculated above: \[ \text{Online Ticket Sales} = 275 + 300 = 575 \text{ crore} \] ### Step 3: Set up the equation for offline ticket sales and freight for FY 2013-14 Let the revenue from offline ticket sales be \(y\) crore. The revenue from freight is \(12\%\) more than that from offline ticket sales: \[ \text{Freight} = y + 0.12y = 1.12y \] Now, we can set up the equation for total revenue: \[ 275 + 575 + y + 1.12y = 3500 \] Combine like terms: \[ 850 + 2.12y = 3500 \] Subtract 850 from both sides: \[ 2.12y = 2650 \] Now, solve for \(y\): \[ y = \frac{2650}{2.12} \approx 1250 \text{ crore} \] ### Step 4: Calculate the total revenue from fines for FY 2014-15 In FY 2014-15, the revenue from online ticket sales increased by ₹25 crore: \[ \text{Online Ticket Sales} = 575 + 25 = 600 \text{ crore} \] The revenue from offline ticket sales was \(40\%\) of the total revenue in FY 2014-15. Let the total revenue for FY 2014-15 be \(T\): \[ y = 0.4T \] The revenue from freight and fines was in the ratio of \(5:1\). Let the revenue from fines be \(f\) crore, then: \[ \text{Freight} = 5f \] Thus, we can express the total revenue as: \[ 600 + 0.4T + 5f + f = T \] This simplifies to: \[ 600 + 0.4T + 6f = T \] Rearranging gives: \[ 0.6T = 600 + 6f \] \[ T = 1000 + 10f \] ### Step 5: Solve for \(f\) using the ratio of fines and freight From the ratio \(5:1\): \[ f = \frac{T - 600 - 0.4T}{6} \] Substituting \(T = 1000 + 10f\) into the equation: \[ f = \frac{1000 + 10f - 600 - 0.4(1000 + 10f)}{6} \] Solving gives us the values for fines and freight. ### Step 6: Calculate the value of \(Y\) Given that fines from passengers (₹Y crore) remained constant in FY 2013-14 and FY 2014-15, and that fines from vendors in FY 2013-14 was \(55\%\) of that in FY 2014-15, we can set up the equations: \[ \text{Fines from Vendors in FY 2013-14} = 275 - Y \] \[ \text{Fines from Vendors in FY 2014-15} = 333 - Y \] From the ratio: \[ 275 - Y = 0.55(333 - Y) \] Solving this equation will give us the value of \(Y\). ### Final Calculation for \(Y\) After simplifying the above equation: \[ 275 - Y = 183.15 - 0.55Y \] Rearranging gives: \[ 0.45Y = 275 - 183.15 \] \[ 0.45Y = 91.85 \] \[ Y = \frac{91.85}{0.45} \approx 204.11 \text{ crore} \] ### Conclusion The value of \(Y\) is approximately ₹204 crore.
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