Home
Class 14
MATHS
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 cost of a railway ticket was rs 300 in FY 2014-15, how many passengers (approx) travelled by railways inFY2014-15? (in crore)

A

`4.8`

B

`6.2`

C

`5.4`

D

`7.73`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will analyze the information provided for each financial year and calculate the required values. ### Step 1: Calculate the fines for FY 2013-14 The total revenue for FY 2013-14 is ₹3500 crore, and fines comprise \( \frac{7 \frac{6}{7}}{100} \) of the total revenue. \[ \text{Fines} = \frac{55}{7} \% \text{ of } 3500 = \frac{55}{7} \times \frac{3500}{100} = \frac{55 \times 3500}{700} = 275 \text{ crore} \] ### Step 2: Calculate the revenue from online ticket sales for FY 2013-14 The revenue from online ticket sales is given as \( x + 300 \) crore, where \( x \) is the fines calculated above. \[ \text{Revenue from online ticket sales} = 275 + 300 = 575 \text{ crore} \] ### 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. \[ \text{Freight} = y + 0.12y = 1.12y \] The total revenue can be expressed as: \[ 275 + 575 + y + 1.12y = 3500 \] Combining terms: \[ 850 + 2.12y = 3500 \] Solving for \( y \): \[ 2.12y = 3500 - 850 = 2650 \] \[ y = \frac{2650}{2.12} \approx 1250 \text{ crore} \] ### Step 4: Calculate the revenue from freight for FY 2013-14 Using the value of \( y \): \[ \text{Freight} = 1.12 \times 1250 = 1400 \text{ crore} \] ### Step 5: Calculate the revenue for FY 2014-15 Revenue from online ticket sales increased by ₹25 crore over FY 2013-14: \[ \text{Online ticket sales} = 575 + 25 = 600 \text{ crore} \] Revenue from offline ticket sales is 40% of the total revenue in FY 2014-15. Let the total revenue be \( T \). \[ y = 0.4T \] The revenue from freight and fines is in the ratio of 5:1. Let the fines be \( F \) and freight be \( 5F \): \[ F + 5F = 6F \] From the previous calculations, we know that freight for FY 2014-15 is: \[ \text{Freight} = 1400 + 250 = 1650 \text{ crore} \] Setting up the equation for total revenue: \[ F + 1650 + 600 + y = T \] Substituting \( y \) and \( F \): \[ F + 1650 + 600 + 0.4T = T \] Substituting \( F = \frac{1}{6} \times 1650 \): \[ \frac{1}{6} \times 1650 + 1650 + 600 + 0.4T = T \] Calculating \( F \): \[ F = 330 \text{ crore} \] Now substituting back: \[ 330 + 1650 + 600 + 0.4T = T \] \[ 2580 + 0.4T = T \] \[ 0.6T = 2580 \] \[ T = \frac{2580}{0.6} = 4300 \text{ crore} \] ### Step 6: Calculate the revenue from offline ticket sales for FY 2014-15 \[ y = 0.4 \times 4300 = 1720 \text{ crore} \] ### Step 7: Calculate total revenue from ticket sales Total revenue from ticket sales (offline + online): \[ \text{Total ticket revenue} = 1720 + 600 = 2320 \text{ crore} \] ### Step 8: Calculate the number of passengers Given the average cost of a railway ticket is ₹300: \[ \text{Number of passengers} = \frac{2320 \text{ crore}}{300} = \frac{2320}{300} \approx 7.73 \text{ crore} \] ### Final Answer Approximately **7.73 crore** passengers traveled by railways in FY 2014-15. ---
Promotional Banner

Similar Questions

Explore conceptually related problems

Credit revenue from operation i.e net credit sales for the year

In how many years sales revenue 60000 of the given years ?

'Study then following bar graph carefully and answer the questions. The tuition fee at State University in the year 2000 was Rs.6500 per enrollment.What was the total revenue collected from the tuition fee at State university during that year?

What is the total value of revenue of the firm (in crores Rs) in years 2010, 2011 and 2012?