If the face value of a donation is Rs. 100 and the NGO wants to collect funds of 1 lakh rupees, then how many donors does the NGO need?
A
1000
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B
1200
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C
10000
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D
12000
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Solution
The correct option is A
1000 The NGO wants funds of Rs. 1 lakh where face value of each donation is Rs. 100 ∴ Total no. of donors =1,00,000100=1000. It needs 1000 donors.