Question Details

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?

Options

A

38.74

B

23.97

C

25.86

D

16.24

Correct Answer :

23.97

Solution :

The correct option is 23.97.

Step-by-Step Explanation:

To find the percentage share of revenue contributed by the "Prime" ride type to the total revenues of Mola for the entire duration, we can analyze the data presented in the table:

1. Extracting the Ride Details from the Image:
The table displays the number of rides for three categories (Pool, Mini, and Prime) over four months (January, February, March, and April):

  • Pool rides: January = 170, February = 320, March = 215, April = 190
  • Mini rides: January = 110, February = 220, March = 180, April = 70
  • Prime rides: January = 75, February = 180, March = 120, April = 90
Since the platform earns exactly one US dollar per ride, the total revenue is directly proportional to the total number of rides.

2. Calculate the Total Rides for Each Type:

Total Pool rides:
170 + 320 + 215 + 190 = 895
Total Mini rides:
110 + 220 + 180 + 70 = 580
Total Prime rides (and thus the revenue in USD from Prime):
75 + 180 + 120 + 90 = 465

3. Calculate the Grand Total of Rides across All Categories:

Grand Total = 895 + 580+ 465 = 1940

4. Calculate the Percentage Share of Revenue from Prime:

The percentage share of revenue from Prime rides is calculated as follows:
Percentage Share = 465 1940 × 100
Calculating the value:
Percentage Share 0.23969 × 100 23.97 %

Therefore, the percentage share of revenue contributed by Prime to the total revenues of Mola for the entire duration is approximately 23.97%.

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