How much is the annual income of a beggar in Bangalore?
Question
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Answers ( 26 )
ou can assume anything and everything under the Sun, just to try to keep the assumptions close to reality
I always start with an equation, for this question the equation which I assumed was:-
Amount per day * Number of Calendar Days (365)
Assumption 1- A beggar begs all day of the year
Now, I have divided a complete day in 4 parts
6 am to 10 am – High income
10 am to 4 pm – Low income
4 pm to 10 pm – High income
10 pm to 6 am – No income
Assumption 2 – The beggar will bet more money in slot 1 and 3
Assumption 3 – Beggar interacts with 500 people in each slot
Assumption 4 – The success ratio table
Slot Success Rate Number of people giving money
6 AM – 10 AM 0.03 45
10 AM – 4 PM 0.01 15
4 PM – 10 PM 0.05 75
10 PM – 6 AM 0.006 9
Total = 144
Assumption 5 – Probability of amount, I have safely assumed that 30% people will give Rs.2, 20% will give Rs.5 and 50% will give Rs.1
Slot Success Rate Number of people giving money Amount
6 AM – 10 AM 0.03 45 94.5
10 AM – 4 PM 0.01 15 31.5
4 PM – 10 PM 0.05 75 157.5
10 PM – 6 AM 0.006 9 18.9
Total 144 302.4
Now we have Rs.302.4 per day income.
Annual amount = 302.4*365 = Rs. 110,376 It doesn’t matter if the amount is high or low, what matters is that you have an approach to solve the problem. Few more things which you can add here are:-
1. Divide the year into seasons
2. Divide year into weekend and weekdays
3. Public Holidays
So out of 24 hours in day,a beggar must be begging an avg of 12 hours if we subtract sleep and other activities.Then if we calculate the per hour average of people donating beggar it would be 3 people.
If the avg donation is 3 Rs.
Then Beggar earnings in 1 day=12*3*3=Rs 108
Per year=108*365=39,420
And if we add unusual donations Ex:- Rs 10,50,100
Then per year earnings can be approx Rs 40,000
Quite near to the actual numbers but I guess you need to add more parameters in order to show the interviewer that you are taking all the corner cases into consideration
Assumption :
1. A begger meets 100 people per day out of that chance of converting is 50%
2. The beggar knows where to search for people , let’s say near offices or tech park to have a better conversion rate
3. The beggar knows the peak time of the day as well as the peak time during the evening
4. The beggar starts his day from 10 am in the morning till 10 pm till night
5. Average income from a person is Rs 20
Now to go about this.
I’m categorizing the daily hour for wekkdays
10 am to 1 pm – peak time
1 pm to 5 pm – medium
5pm to 8 pm – peak
8pm to 10 pm – medium
Number of people he meets in these hours
10 am to 1 pm – 40 people
1 pm to 5pm – 10 people
5pm to 8pm – 40 people
8pm to 10pm – 10 people
On average expected income would be
(40*20) + (10*20) + (40*20) + (10*20) = 2000
5 days for weekdays = 10000
50% conversion rate = 5000
On weekdays in a month his income is = 5000 * 4 ( 4 weeks in a month) = 20000
Now taking the week ends. His strategy would be different. The beggar won’t be roaming near the offices, rather he would roam near the neighborhood during day and shopping mall/theatre during night.
If I go with similar calculation (not mentioned here) his evening income is way higher, peak time 6pm – 11pm
He meets 50 people with 20 rs each – 1000
50% conversion – 500
Number of weekends 8 – 500*8 = 4000
Total monthly income = 24000
Total annual income : 24000 * 12 around (3 lacs ) taking holidays, special events all around the year.
I’m a Mu Sigman also, during my first year I also earned the same like a beggar!!! Wow
Hahahaha..I am also a Mu-Sigman 😛
Nice approach 🙂
? we mu sigman knows the first year out income
I am future Musigman and reading this made me feel sad. I am also going to earn like beggar.
Well I am current musigma of 2020 batch
I can say is that I earn less than begger 21,200 to be precise
Damn the new policy and bond 😛
haha. All mu-sigmans will feel this
Assumptions:
The beggar is a female with a child
Begging at rich areas and moves from one place to other
Beggar knows all kind of tactics to get the money
Start:
Weekdays:
7 am – 11 am: near bus stands/local trains and on-road: beg 400 people: ~Rs 300
11 am – 4 pm: Low-income time:200 people: ~Rs 100
4 pm – 8 pm: near parks, bus stands: 200 people: ~Rs 100
Weekends:
7 am – 10 am: near-religious places: beg 100 people: ~ Rs 200(people give money easily at temples)
4 pm – 8 pm : near food stalls/cinema theatres/entertainment places : beg 100 people: ~ Rs 100
per week: (300+100+100)*5+(200+100)*2: ~Rs 3100
per month : ~ Rs 12400
per year:- 148,800
Safe assumption:
Holidays and festivals almost cancel out the effect of each other
Given the circumstances of a professional beggar, they easily save 70% of their income!!
Sorry it a private answer.
This is a very good approach 🙂
Nice job
10, 000
In the 24 hours time, let’s assume that a beggar sleeps 5 hours a day and also assume 5 hours he is busy doing other pieces of stuff like eating, playing cards on the roadside, etc. so that makes our time as: –
24-5-5 = 14 hours.
The beggar divided his time as below(5 days of working) : –
Time Interaction with People(per day) Conversion rate
6 a.m – 10 a.m 50 80%
12 p.m – 4 p.m 30 50%
6 p.m – 10 p.m 40 70%
11 p.m – 1 a.m 25 30%
Reasons for taking the conversion rate like this:
6 a.m. to 10 a.m – People in a good mood going to start their day by offering something to needy people.
12 p.m to 4 p.m. – People will be in a hurry as they have got limited time from the office.
6 p.m to 10 p.m – Back from work if a day went well they will offer to make each day good.
11 p.m to 1 a.m – End of the day.
If on average they get Rs. 5 from a single person, then: –
Time People offering money(per day) Amount(avg Rs 5 per person)
6 a.m – 10 a.m 40 200
12 p.m – 4 p.m 15 75
6 p.m – 10 p.m 28 140
11 p.m – 1 a.m 10 50
Total = Rs 465 per day
This 465 per day will be for 5 days a week as on weekends the time between 12 p.m. to 4 p.m and 6 p.m to 10 p.m will have conversion rates more. But on the contrary morning conversion rate will be less. So taking that situation into count, this Rs. 465 per day will increase to Rs. 500 per day (considering an average increase of Rs. 35 ).
Hence, Calculating for per week: –
(465*5)+(500*2) = Rs. 3325
A month has 4 weeks, hence income in 1 month = Rs. 3325*4 = Rs. 13,300
For annual income, 12 months, Hence, 12* 13300 = Rs. 1,59,600/-
Sorry it a private answer.
A beggar meets 500 people every day out of which assume 400 ignores him/her .out of remained 100 assume 30 gives rs. 2,30 gives rs. 5, 30 gives rs 10, and remaining 10 gives rs. 20+.
So daily total =710.
Daily this number doesn’t remains same so take an average number let’s say rs. 600.
So monthly total =rs. 18,000
And annually =rs. 2,16,000/-
Sorry it a private answer.
I am considering the case that beggar is homeless and he has no liability to spend on and no family.
Also I am considering here that he does not spend money on food as he gets food from begging. As I have seen that some people usually prefer to give food instead of money.
Parameters that we can consider here for earning cash money:
1. He begs from people and he gets cash for it.
2. He picks stuffs like waste bottles, cans etc from trash and sold it to scraper and get cash in return.
3. On special festivals or occasions his income can get more than usual.
4. He gets access food or cloths from some shops and he sells it for cash.
• From Begging people per day he earns in city like Bangalore = 500 rupees/day or 182500/year
• From picking stuff from trash and selling it to scraper = 100/day or 36500/year
• From special occasions or festivals ( here I am considering 100 such days in a year for him) = 700/day or 70000/year
• From selling access food or other items (here I am considering this as a rarely occurred situation)=
20 rupees/day or 7300/year.
Total = 182500+36500+70000+7300 = 296,300 rupees.
Annual Income of Beggar in Bangalore city is 296,300 rupees
Let first divide the day into 4 parts.
6am to 9am : Morning time moderate income
12pm to 3pm : high income
6pm-9pm : high income
after that no income.
Now beggar know where to go at what timing.
Weekdays
1. like at morning he roam around temples and let say around 10 people gave (10*10 rs)
2. at afternoon during lunch timing and tea time the beggar will roam around techn park and let say around 10 people gave him (10*10rs )
3. during evening let say beggar beg near traffic lights as due to jams in banglore it is easy for them to beg and at evening near cafes , restaurants , temples(people gave money easily at temples) let say he beg around 100 people and 40 people gave him money let say total (40*10)rs
Weekends
Now at weekends his plan would be different he knows not to go techno park but near malls /cinema/temples /traffic jams/pubs&restaurants and let say he beg around 200 people and 80 people gave him money(80*20) and 6pm-12am peak timing
so in total weekdays+weekends
Weekdays 10*10=100
10*10=100
40*10=400
Weekends 80*20=1600
weekday total = 600 *5 =3000(5 days a week)
total 4 week means (3000*4)=Rs.12000
Weekends total = 1600*8=12800
so total weekdays+weekend = 24800
so annual income = 24800*12 = Rs. 297600
Let us consider that the beggar knows all the prominent locations to beg.
So on the weekdays, he knows the peak time for begging which is in the morning and the evening.
Therefore-
7 am-12 pm (peak time)
12 pm-4 pm (somewhat idle hours)
4 pm- 10 pm (peak time)
10 pm- 7 am (idle hours)
We will assume that from 10 pm to 7 am the beggar gets no money.
Also if the people don’t have enough time in their hands they will give the beggar money otherwise they will prefer to buy food for the beggar.
So from 7 am-12 pm the beggar will have the highest income of the day.
Suppose he/she meets 40 people during these hours and let us consider a small amount of 5 rupees from each person,
then total amount=200 rupees.
From 12 pm- 4pm the beggar doesn’t earn much, so let us take that as 0 for calculating the minimum annual income.
From 4 pm- 10 pm people may prefer giving food items to the beggar so the income would be less than that in the morning.
Let us take that amount as 100 rupees.
So minimum total income of the day is 300 rupees.
That is on weekdays.
On weekends the time slots change and also the amount, so let us consider the weekend amount by 100 rupees.
So earnings on weekend= 400 rupees.
so that amounts to 2300 in a week.
Which is equal to=2300 *52 (weeks)
= 1, 19, 600.
We can also add the money the beggar get in the festival season.
India is a land of numerous festivals. The assumptions are:
A)Festive days( Diwali (3-5 days), navratri-(10 days), chrishtmas+easter, holi, jayantis and sankashtis, and umpteen relevant festivals which are prevalent consume let’s say 30 days of 365.
1. conversion rate – 60%
2. no of people met – 150-200( take 150 for calculation)
3. avg income per person – rs 20-30 (taking 20 for calc)
Average expected income = no of people* avg income per person= 150*20=3000
since conversion rate is 60%= final income for the festive day= Rs 1800
TOTAL EXPECTED INCOME ON A FESTIVE DAY= no of fest days* income= 30*1800=
=Rs 54,000
B)Non Festive days- 330-335 days ( taking 335 for calc)
1. conversion rate – 30%
2. no of people met – 100
3. avg income per person – rs 15
Average expected income = no of people* avg income per person= 100*15=1500
since conversion rate is 30%= final income for the non festive day= Rs 450
TOTAL EXPECTED INCOME ON A NON FESTIVE DAY= no of non fest days* income= 450*335=
=Rs 1,50,750
NET INCOME ANNUALLY= 150750+54000
=RS 2,04,750
Let us consider that the beggar knows all the prominent locations to beg.
So on the weekdays, he knows the peak time for begging which is in the morning and the evening.
Therefore-
7 am-12 pm (peak time)
12 pm-4 pm (somewhat idle hours)
4 pm- 10 pm (peak time)
10 pm- 7 am (idle hours)
We will assume that from 10 pm to 7 am the beggar gets no money.
Also if the people don’t have enough time in their hands they will give the beggar money otherwise they will prefer to buy food for the beggar.
So from 7 am-12 pm the beggar will have the highest income of the day.
Suppose he/she meets 40 people during these hours and let us consider a small amount of 5 rupees from each person,
then total amount=200 rupees.
From 12 pm- 4pm the beggar doesn’t earn much, so let us take that as 0 for calculating the minimum annual income.
From 4 pm- 10 pm people may prefer giving food items to the beggar so the income would be less than that in the morning.
Let us take that amount as 100 rupees.
So minimum total income of the day is 300 rupees.
That is on weekdays.
On weekends the time slots change and also the amount, so let us consider the weekend amount by 100 rupees.
So earnings on weekend= 400 rupees.
so that amounts to 2300 in a week.
Which is equal to=2300 *52 (weeks)
= 1, 19, 600.
We can also add the money the beggar get in the festival season.
Let first divide the day into 4 parts.
6am to 9am : Morning time moderate income
12pm to 3pm : high income
6pm-9pm : high income
after that no income.
Now beggar know where to go at what timing.
Weekdays
1. like at morning he roam around temples and let say around 10 people gave (10*10 rs)
2. at afternoon during lunch timing and tea time the beggar will roam around techn park and let say around 10 people gave him (10*10rs )
3. during evening let say beggar beg near traffic lights as due to jams in banglore it is easy for them to beg and at evening near cafes , restaurants , temples(people gave money easily at temples) let say he beg around 100 people and 40 people gave him money let say total (40*10)rs
Weekends
Now at weekends his plan would be different he knows not to go techno park but near malls /cinema/temples /traffic jams/pubs&restaurants and let say he beg around 200 people and 80 people gave him money(80*20) and 6pm-12am peak timing
so in total weekdays+weekends
Weekdays 10*10=100
10*10=100
40*10=400
Weekends 80*20=1600
weekday total = 600 *5 =3000(5 days a week)
total 4 week means (3000*4)=Rs.12000
Weekends total = 1600*8=12800
so total weekdays+weekend = 24800
so annual income = 24800*12 = Rs. 297600
There are different ways to approach this question.
I want to assume maximum a beggar can earn in Bangalore.
I assume beggar can earn maximum at the areas with maximum footfall. let us assume a busy traffic junction has maximum footfall in all over the Bangalore.
I want divide the time in which he/she begg into four parts
1) 8am-10am ‘2’ hours peak
2)10am-6am ‘8’ hours normal
3) 6am-8am ‘3’ hours of peak
4) 8am-10am ‘2’ hours of peak
at every traffic signal a bike/vehicle stops for 3 ( 2 minutes of waiting and one minute for moving from the signal light)
let us assume he earns 10rs for every stop so in a Peak hour : 60 min /3 = 20*10 = 200 rs in every peak hour he earns 200rs
as per our assumptions in peak hours he earns 200*4 peak hours =800 Rs let us assume in non peak hours he earns 50% of this money
which is 100 rs , income in non Peak Hours is = 100*10,
Total income per day = 1800 Rs
Monthly Income = 1800*30= 54000 ( I kindly under estimated my answer when I googled it the richest beggar earns 70,000 to 80,000 per month)
The annual income of the beggar is 54000*12 =6.58 Lacs
I think it must be something around 15000.