The following pie-chart shows the sources of funds to build an expressway. If toll collection is outsourced to an agent. How much will the agent need to collect as toll if his commission is 10% of the toll collection?
The following pie-chart shows the sources of funds to build an expressway. If toll collection is outsourced to an agent. How much will the agent need to collect as toll if his commission is 10% of the toll collection? Correct Answer Rs. 5000 crores
Given:
Source of funds from Toll = 4500
Agent’s commission = 10%
Calculation:
After taking out his commission;
(100 - 10)% = 4500
90% = 4500
⇒ 100% = (4500/90%) × 100%
⇒ 5000
∴ The agent need to collect Rs. 5000 as toll.
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Feb 20, 2025