There are 100 families in a residential complex. There are about 300 persons in altogether.

Recently
the theft case of motor bicycle has increased. About 95% of the families have a bike. In a month on
an average 4 to 5 bikes are being stolen. The average price of the bikes are ₹ 30,000.

So they decided to pool in a fund and share this loss.

Total fund = 100 x ₹ 2000 x 12 = 24,00,000

Less: Total (30,000 x 5 x 12) = 18,00,000

Security (2 x 10,000 x 12) = 2,40,000

Lighting = 2,60,000

Remaining = ₹ 1,00,000