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 shows the monthly expenditure of Saumya. What percent of her monthly salary is she able to save?
Expense Amount Food 5,000 Rent 20,000 Travel 10,000 Clothing 3,000 Miscellaneous 15,000 Savings 7,500 Who had the best score on either test?
Who had the most consistent scores on both tests?
Who had the least consistent scores on both tests?
Who had the poorest score on either test?
