Question

The state of New Jersey makes approximately $1.55 billion annually from tolls of the $1.55 billion about 3/4 comes from tolls on the turnpike and the remaining 1/4 comes from tolls on the parkway what percent of the total revenue is from turnpike and parkway?

Answer 1

Percent of turn pike is 75% and percent of parkway is 25%.

Solution:

Given, The state of New Jersey makes approximately $1.55 billion annually from tolls of the $1.55 billion

About $\frac{3}{4}$ comes from tolls on the turnpike

Remaining $\frac{1}{4}$ comes from tolls on the parkway  

To find the percent of the total revenue from turnpike:

$\begin{array}{l}{\text { Percent of turnpike }=\frac{\text { amount from parkway }}{\text { total revenue }} \times 100} \\\\ {=\frac{\frac{3}{4} \text { of total revenue }}{\text { tot al revenue }} \times 100} \\\\ {=\frac{\frac{3}{4} \times \text { total revenue }}{\text { total revenue }} \times 100} \\\\ {=\frac{3}{4} \times 100=3 \times 25=75 \%}\end{array}$

To find the percent of the total revenue from parkway:

$\begin{array}{l}{\text { Percent of parkway }=\frac{\text { amount from parkway }}{\text { total revenue }} \times 100} \\\\ {=\frac{\frac{1}{4} \text { of total revenue }}{\text { total revenue }} \times 100} \\\\ {=\frac{\frac{1}{4} \times \text { total revenue}}{\text { total revenue }} \times 100} \\\\ {=\frac{1}{4} \times 100=25 \%}\end{array}$

Summarizing the results:

Percent of turn pike is 75%

Percent of parkway is 25%