Instructions

Each Question consist of a problem followed by two statements marked as I and II .Decide whether data in the statements are sufficient to answer the questions . Mark answer as

Question 125

A Swimming club that sold only individual and family memberships charged ₹300 for an individual membership. If the club’s total revenue from memberships was ₹480,000, what was the charge for a family membership ?
I. The revenue from individual memberships was $$\frac{1}{4}$$ of the total revenue from memberships.
II.The club sold 1.5 times as many family memberships as individual memberships.

Solution

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From statement 1, total revenue from individual memberships = 96000 Rs and total revenue from family memberships = 384000 Rs

Number of Individual memberships = 96000/300 = 320

Adding statement 2 , we get number of family memberships = 1.5 x 320 = 480

charge for a family membership = 384000/480 = 800 RS

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