Find the value of 'b' in the given mathematical statement:
30% of b% of 296 = 40% of 50% of 5% of 1480
Answer & explanation
Correct answer: option 4
30% of b% of 296 = 40% of 50% of 5% of 1480
\(\frac{30}{100}\) × \(\frac{b}{100}\) × 296 = \(\frac{40}{100}\) × \(\frac{50}{100}\) × \(\frac{5}{100}\) × 1480
\(\frac{3}{10}\) × \(\frac{b}{100}\) × 296 = \(\frac{2}{5}\) × \(\frac{1}{2}\) × \(\frac{1}{20}\) × 1480
b = \(\frac{50}{3}\)