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

Show Answer

Correct Answer :

Option B

23.97

Solution :

To find the percentage share of revenue contributed by Prime to the total revenues of Mola for the entire duration, we calculate the total number of rides for Prime and the total number of rides across all categories (Pool, Mini, and Prime) over the four months. Since the platform earns one US dollar ($1) per ride, the revenue share is directly proportional to the share of the number of rides.

First, let's find the total number of Prime rides over the four months (January, February, March, and April) using the data from the table:
Total Prime Rides=75+180+120+90=465

Next, let's calculate the total number of Pool rides over the four months:
Total Pool Rides=170+320+215+190=895

Now, let's calculate the total number of Mini rides over the four months:
Total Mini Rides=110+220+180+70=580

Now, calculate the grand total of all rides across all categories:
Total Rides=Total Pool Rides+Total Mini Rides+Total Prime Rides
Total Rides=895+580+465=1940

Since each ride generates $1 in revenue:
- Revenue from Prime rides = $465
- Total revenue of Mola = $1940

Finally, we calculate the percentage share of revenue contributed by Prime:
Percentage Share=4651940×100%23.97%

Thus, the correct option is 23.97.

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