Correct Answer - Option 3 : Rs. 95.13
Given:
Total fund to be raised = Rs.18,550
Contribution of each boy = Rs.265
Percentage of girls = 65%
Contribution of girls in total fund = 40%
Formula Used:
Percentage = (Actual/Total) × 100
Calculation:
As the contribution of girls is 40%, the contribution of boys = 60% of the total fund
Contribution of boys = 60% of 18,550 = 11,130
Number of boys = Total boys Contribution/Each boy contribution
Number of boys = 11,130/265 = 42
Number of girls = 42 × (65/35) (as girls are 65% and boys are 35%)
Number of girls = 78
Total contribution by girls = 40% of 18,550 = 7420
Each girl contribution = Total girls contribution/ Number of girls
Each girl contribution = 7420/78 = 95.128 ≈ 95.13
∴ The contribution of each girl is Rs 95.13.