Question : The cost of a daily ticket for a local train is Rs. 50 and the monthly pass cost is Rs. 1125. If I buy the monthly pass and travel for 30 days in a month, then I save:
Option 1: 10%
Option 2: 25%
Option 3: 14%
Option 4: 15%
Correct Answer: 25%
Solution :
Given: Cost of daily ticket = Rs. 50
Monthly pass cost = Rs. 1125
Cost of daily ticket for a month = 30 × 50 = Rs. 1500
Monthly savings = 1500 – 1125 = Rs. 375
Savings percentage $=\frac{\text{Savings}}{\text{Cost of daily ticket for a month }} × 100=\frac{375}{1500} × 100 = 25\%$
Hence, the correct answer is 25%.
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