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Question

If the scholarship has to be paid out of the donation fund, then what is the approximate percent of the donation fund used for this purpose?

A
43%
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B
53%
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C
37%
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D
45%
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E
32%
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Solution

The correct option is D 45%
Amount received from donation
=Rs500×20100 lakh=Rs165 lakh
Amount given in scholarship
=15×500100=Rs 75 lakh
75165×100
= 45%

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