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Paraphin [41]
1 year ago
15

The total operating costs of a monorail are paid using a combination of passenger fares and tax revenue. The farebox recovery ra

tio is the ratio of passenger fares to total operating costs. A monorail in one city has $69 million in operating costs per year, and uses $30 million from tax revenue.
To the nearest hundredth, what is the farebox recovery ratio for the city?
Mathematics
1 answer:
Vadim26 [7]1 year ago
4 0

Answer:

0.57 or 0.56

Step-by-step explanation:

passenger fares + tax revenue = operating costs

Thus:

passenger fares = operating costs - tax revenue

= $69 million - $30 million

= $39 million

The ratio of passenger fares to total operating costs is:

$39 million

= 0.5652.

$69 million

To the nearest hundredth, the farebox recovery ratio is 0.57.

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