Hello and welcome to exampundit. Here is a set of Data Interpretation Quiz for upcoming Bank and Insurance Mains exam. The level is this DI is HARD.
Read the following information carefully and answer the questions accordingly.
The charges of a taxi journey are decided on the basis of the distance covered and the amount of the waiting time during a journey. Distance wise, for the first 2 kilometers (or any part thereof) of a journey, the metre reading is fixed at ₹ 10 (if there is no waiting). Also, if a taxi is boarded and it does not move, then the meter reading is again fixed at ₹ 10 for the first ten minutes of waiting. For every additional kilometre the meter reading changes by ₹ 5 (with changes in the meter reading being in multiples of Re. 1 for every 200 meters traveled). For every additional minute of waiting, the meter reading changes by ₹ 1. (no account is taken of a fraction of a minute waited for or of a distance less than 200 meters traveled). The net meter reading is a function of the amount of time waited for and the distance traveled.
The cost of running a taxi depends on the fuel efficiency (in terms of mileage/liter), depreciation (straight line over 10 years) and the driver’s salary (not taken into account if the taxi is self owned).
Depreciation is ₹ 100 per day everyday of the first 10 years. This depreciation has to be added equally to the cost for every customer while calculating the profit for a particular trip. Similarly, the driver’s daily salary is also apportioned equally across the customers of the particular day. Assume, for simplicity, that there are 50 customers every day (unless otherwise mentioned). The cost of fuel is ₹ 15 per liter (unless otherwise stated).
The customer has to pay 20% over the meter reading while settling his bill. Also assume that there is no fuel cost for waiting time (unless otherwise stated).
Based on the above facts, answer the following:
- If Sardar Preet pal Singh’s taxi is 14 years old and has a fuel efficiency of 12 km/litre of fuel, find his profit in a run from Howrah Station to Park Street (a distance of 7 km) if the stoppage time is 8 minutes. (Assume he owns the taxi)
(a) ₹ 32.25
(b) ₹ 40.85
(c) ₹ 34.25
(d) ₹ 42.85
- For question 2, Sardar Preetpal Singh’s percentage profit is
- For the same journey as in question 1 if on another day, with heavier traffic, the waiting time increases to 13 minutes, find the percentage change in the profit.
- For Question 3, if Sardar Preetpal Singh idled his taxi for 7 minutes and if the fuel consumption during idling is 50 ml per minute, find the percentage decrease in the profits.
Directions for Questions 5 to 10: Answer questions based on this additional information:
Mr. Vikas Verma owns a fleet of 3 taxis, where he pays his driver ₹ 3000 per month. He also insists on keeping an attendant for ₹ 1500 per month in each of his taxis. Idling requires 50 ml of fuel for every minute of idling. For a moving taxi, the fuel consumption is given by 12 km/per litre. On a particular day, he received the following reports about the three taxis.
|Taxi Code||Total Kilometers||Waiting time with idling||Waiting time without idling|
|A||260||190 min||30 min|
|B||264||170 min||80 min|
|C||275||180 min||60 min|
- The maximum revenue has been generated by which taxi?
(d) Cannot be determined
If it is to be assumed that every customer travelled at least 2 kilometres:
- Which of the three taxis generated the maximum revenue?
(d) Both A & B
- What percentage of the total revenue was generated by taxi B?
- The highest profit was yielded by which taxi?
(d) Both A & B
- The taxi which had the highest percentage profit for the day was
(d) B & C
- The profit as a percentage of costs for the day was: