Mola is a digital platform for taxis in a city. It offers three types of rides – Pool, Mini, and Prime. The table below presents the number of rides for the past four months. The platform earns one US dollar per ride. What is the percentage share of revenue contributed by Prime to the total revenues of Mola, for the entire duration? Type Month January February March April Pool 170 320 215 190 Mini 110 220 180 70 Prime 75 180 120 90
23.97
Understanding Mola's Taxi Platform Revenue
The question asks us to determine the percentage share of revenue contributed by Prime rides to the total revenues of Mola, a digital taxi platform, for the entire four-month duration. Mola earns one US dollar per ride.
First, let's look at the provided data for the number of rides for each type (Pool, Mini, Prime) across the four months (January, February, March, April).
| Type | January | February | March | April |
|---|---|---|---|---|
| Pool | 170 | 320 | 215 | 190 |
| Mini | 110 | 220 | 180 | 70 |
| Prime | 75 | 180 | 120 | 90 |
Calculating Total Prime Rides
To find the total revenue from Prime rides, we first need to sum up the number of Prime rides for all four months.
- January Prime rides: 75
- February Prime rides: 180
- March Prime rides: 120
- April Prime rides: 90
Total Prime rides \( = 75 + 180 + 120 + 90 = 465 \) rides
Determining Total Rides Across All Types
Next, we need to calculate the total number of rides for all types (Pool, Mini, and Prime) over the four months to find the total revenue of the Mola platform.
Total Pool Rides: \( 170 + 320 + 215 + 190 = 895 \) rides
Total Mini Rides: \( 110 + 220 + 180 + 70 = 580 \) rides
Total Prime Rides: (as calculated above) \( 465 \) rides
Total Rides (All Types): \( 895 \text{ (Pool)} + 580 \text{ (Mini)} + 465 \text{ (Prime)} = 1940 \) rides
Calculating Revenue for Prime and Total
Since the Mola platform earns one US dollar per ride, the number of rides directly corresponds to the revenue in US dollars.
- Prime Revenue: Total Prime rides \( \times 1 \text{ USD/ride} = 465 \text{ rides} \times 1 \text{ USD/ride} = 465 \text{ USD} \)
- Total Revenue: Total rides (All Types) \( \times 1 \text{ USD/ride} = 1940 \text{ rides} \times 1 \text{ USD/ride} = 1940 \text{ USD} \)
Calculating Prime's Percentage Share of Revenue
To find the percentage share of revenue contributed by Prime to the total revenues, we use the formula:
\( \text{Percentage Share} = \left( \frac{\text{Prime Revenue}}{\text{Total Revenue}} \right) \times 100 \)
Substitute the calculated revenue values: \( \text{Percentage Share} = \left( \frac{465}{1940} \right) \times 100 \)
Perform the division: \( \frac{465}{1940} \approx 0.23969072 \)
Multiply by 100 to get the percentage: \( 0.23969072 \times 100 \approx 23.969072 \)
Rounding to two decimal places, the percentage share is 23.97%.
This detailed calculation shows how the Prime ride type contributes to the overall financial performance of the Mola digital taxi platform.
Important Questions from Data Interpretation
The table given below shows the earnings of two persons on five different days.
What is the ratio of total earnings of P to the total earnings of Q?Earnings Days P Q Monday 105 150 Tuesday 96 110 Wednesday 65 122 Thursday 115 106 Friday 130 68 The table below shows the number of toys of 6 different colours sold from a shop during a given period. The table also shows the percentage of toys of each colour which are cars.
Colour Total toys Percentage of cars C1 500 12 C2 600 15 C3 400 12.5 C4 550 10 C5 650 20 C6 450 10 What is the total number of car toys of C2 and C3 taken together?
Study the given graph carefully and answer the question that follows. The graph shows the demand and production of different companies.
The ratio between the companies having more production than demand and more demand than production is:
Study the given table and answer the question that follows. The given table shows the number of new employees added to different categories of employees in a company for four years and the number of employees from these categories who left the company every year.
During the period between 2001 and 2004, the total number of Technicians who left the Company is what percentage (rounded off to the nearest integer) of the total number of Technicians who joined the Company?
The given pie-chart shows the percentage distribution of 20,000 employees in a company. Study the given chart and answer the question that follows. If 30% of the employees in department D are females, then how many male employees are there in that department?
