If the scholarship money has to be paid only out of the donation fund, what is the approximate percentage of donation fund used for this purpose?
43%
53%
37%
47%
32%
Required percentage =1535×100≈43%
Question 72
Subramaniam and Naidu donate some money in a Relief Fund. The amount paid by Naidu is Rs. 125 more than that of Subramaniam. If the total money paid by them is Rs. 975, find the amount of money donated by Subramaniam.
A non-profit organisation received Rs 60,000 as a donation from new member. Out of this, 20% of the donation should be used for constructing a building. What is the amount of donation that needs to be shown in the income and expenditure account?