40% of the gross receipts of a Tramway company is taken up in| meeting the working expenses, 40% of the remainder goes to reserve | tund and the balance is paid away as dividends to shareholders at | the rate 3 % on their shares, the total value of which is 78,64,000. Find the amount of the gross receipts.
Answers
the amount of the gross receipts. = 6,55,333.33
Step-by-step explanation:
Let say amount of the gross receipts = A
working expenses = (40/100)A = 0.4A
Remainder = A - 0.4A = 0.6A
40% of the remainder goes to reserve = (40/100)0.6A = 0.24A
Remainder = 0.6A - 0.24A = 0.36A
0.36A is paid away as dividends to shareholders
3 % on their shares, the total value of which is 78,64,000.
= (3/100) 78,64,000.
= 235920
0.36A = 235920
=> A = 6,55,333.33
the amount of the gross receipts. = 6,55,333.33
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