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
`(3)/(4)` comes from tolls on the turnpike

Remaining
`(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 }} * 100} \\\\ {=\frac{(3)/(4) \text { of total revenue }}{\text { tot al revenue }} * 100} \\\\ {=\frac{(3)/(4) * \text { total revenue }}{\text { total revenue }} * 100} \\\\ {=(3)/(4) * 100=3 * 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 }} * 100} \\\\ {=\frac{(1)/(4) \text { of total revenue }}{\text { total revenue }} * 100} \\\\ {=\frac{(1)/(4) * \text { total revenue}}{\text { total revenue }} * 100} \\\\ {=(1)/(4) * 100=25 \%}\end{array}`

Summarizing the results:

Percent of turn pike is 75%

Percent of parkway is 25%