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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
If the average revenue from online ticket sales in FY 2014-15. FY2015-16andFY2016-17was₹ 1150crore. By what per cent did the revenue from online ticket sales increase in FY 2016-17 as compare to FY 2014-15

A

250

B

150

C

225

D

230

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step-by-step, we will break down the information given for each financial year and calculate the required values. ### Step 1: Calculate Fines for FY 2013-14 The total revenue for FY 2013-14 is ₹3500 crore. Fines (₹x crore) comprised \(7 \frac{6}{7}\%\) of the total revenue. \[ \text{Fines} = \frac{7 \frac{6}{7}}{100} \times 3500 = \frac{55}{7} \times 3500 = 2750 \text{ crore} \] ### Step 2: Calculate Revenue from Online Ticket Sales for FY 2013-14 Revenue from online ticket sales was given as ₹(x + 300) crore. We already found that Fines = ₹2750 crore. Thus, we can set up the equation: \[ x + 300 + 2750 + \text{Offline Ticket Sales} + \text{Freight} = 3500 \] Let the revenue from offline ticket sales be \(OT\) and from freight be \(F\). We know that: \[ OT + F = 3500 - (x + 300 + 2750) \] Substituting \(x = 2750\): \[ OT + F = 3500 - (2750 + 300) = 450 \] ### Step 3: Establish Relationship Between Offline Ticket Sales and Freight From the problem, we know that revenue from freight was \(12\%\) more than that from offline ticket sales: \[ F = OT + 0.12 \cdot OT = 1.12 \cdot OT \] Substituting this into the previous equation: \[ OT + 1.12 \cdot OT = 450 \] \[ 2.12 \cdot OT = 450 \implies OT = \frac{450}{2.12} \approx 212.26 \] Calculating \(F\): \[ F = 1.12 \cdot 212.26 \approx 237.27 \] ### Step 4: Calculate Revenue for FY 2014-15 Revenue from online ticket sales increased by ₹25 crore over FY 2013-14: \[ \text{Online Ticket Sales FY 2014-15} = 2750 + 25 = 2750 + 25 = 2750 \text{ crore} \] Revenue from offline ticket sales was \(40\%\) of total revenue in FY 2014-15. Let total revenue for FY 2014-15 be \(T\): \[ OT = 0.4T \] Fines and Freight were in the ratio \(5:1\): Let Fines = \(F\) and Freight = \(5F\): \[ F + 5F = 6F \] From previous calculations, we know: \[ F = 2750 \text{ crore} \] ### Step 5: Calculate Revenue for FY 2015-16 Revenue from fines in FY 2013-14 was \(11/16\) of that in FY 2015-16. Let the revenue from fines in FY 2015-16 be \(F'\): \[ F' = \frac{16}{11} \cdot 2750 \approx 4000 \text{ crore} \] ### Step 6: Calculate Online Ticket Sales for FY 2016-17 The average revenue from online ticket sales for FY 2014-15, FY 2015-16, and FY 2016-17 was ₹1150 crore. Let the revenue from online ticket sales in FY 2016-17 be \(O\): \[ \frac{2750 + 4000 + O}{3} = 1150 \] Solving for \(O\): \[ 2750 + 4000 + O = 3450 \implies O = 3450 - 6750 = 1950 \text{ crore} \] ### Step 7: Calculate Percentage Increase from FY 2014-15 to FY 2016-17 Now, we need to find the percentage increase from FY 2014-15 to FY 2016-17: \[ \text{Percentage Increase} = \frac{O - \text{Online Ticket Sales FY 2014-15}}{\text{Online Ticket Sales FY 2014-15}} \times 100 \] Substituting the values: \[ \text{Percentage Increase} = \frac{1950 - 2750}{2750} \times 100 = \frac{-800}{2750} \times 100 \approx -29.09\% \] ### Conclusion The revenue from online ticket sales decreased by approximately \(29.09\%\) in FY 2016-17 compared to FY 2014-15.
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