Multiple choice

Passage

The table below shows the monthly ticket revenue (in lakhs of rupees) of an online travel booking platform from three regions—North, South, and West—for the year 2024, along with the percentage of revenue refunded due to ticket cancellations in each region. Net revenue (in lakhs of rupees) = Revenue − Refunded Amount. Monthly Revenue and Refund Percentages – 2024 Month North Revenue South Revenue West Revenue North Refund % South Refund % West Refund % January 221 86 268 18% 10% 1% February 228 93 282 14% 9% 4% March 222 108 383 15% 8% 2% April 288 118 355 10% 9% 5% May 252 60 336 16% 6% 2% June 244 119 341 17% 9% 4% July 230 111 321 19% 5% 3% August 249 69 359 12% 6% 4% September 258 58 325 16% 8% 1% October 236 121 283 20% 7% 2% November 279 113 387 16% 9% 3% December 262 104 289 13% 7% 2%

By approximately what percentage did the net revenue for June increase compared to May in the South region?

  1. 88%

  2. 85%

  3. 92%

  4. 97%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

May South Revenue = 60, Refund = 6%. Net = 60 * 0.94 = 56.4. June South Revenue = 119, Refund = 9%. Net = 119 * 0.91 = 108.29. Increase = (108.29 - 56.4) / 56.4 = 92%.

AI explanation

The net revenue for May in the South region is calculated by subtracting the 6% refund from the Rs. 60 lakh total revenue, resulting in Rs. 56.4 lakhs. For June, the net revenue is the Rs. 119 lakh total minus the 9% refund (Rs. 10.71 lakhs), which leaves Rs. 108.29 lakhs. The percentage increase is calculated as ((108.29 - 56.4) / 56.4) * 100, which equals 92.01%.

Keep practicing — related questions