A transport company has been assigned a route of 20 km long to run a bus. The bus costs the company a sum of 50000.it has been insured at 3% per annum and the annual tax amounted to 1000. Garage rent is 100 per month actual repairs stood at 1000 and the bus is likely to last for 5 years.the drivers salary amounted to 150 per month and the conductors salary stood at 100 per month in addition to 10% of the takings as commission ( to be shared by the driver and the conductor equally). Cost of stationery is 50 per month manager kam accountants salary amounted to 350 per month the cost of petrol and oil is 25 per 100km. The bus is expected to make three round trips carrying on the average 40 passengers on each trip. Assuming 15% profit on takings calculate the bus fare to be charged from each passenger.the bus is expected to run on an average 25 days in a month.
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ꜱᴄɪᴇɴᴄᴇ, ᴀɴʏ ꜱʏꜱᴛᴇᴍ ᴏꜰ ᴋɴᴏᴡʟᴇᴅɢᴇ ᴛʜᴀᴛ ɪꜱ ᴄᴏɴᴄᴇʀɴᴇᴅ ᴡɪᴛʜ ᴛʜᴇ ᴘʜʏꜱɪᴄᴀʟ ᴡᴏʀʟᴅ ᴀɴᴅ ɪᴛꜱ ᴘʜᴇɴᴏᴍᴇɴᴀ ᴀɴᴅ ᴛʜᴀᴛ ᴇɴᴛᴀɪʟꜱ ᴜɴʙɪᴀꜱᴇᴅ ᴏʙꜱᴇʀᴠᴀᴛɪᴏɴꜱ ᴀɴᴅ ꜱʏꜱᴛᴇᴍᴀᴛɪᴄ ᴇxᴘᴇʀɪᴍᴇɴᴛᴀᴛɪᴏɴ. ɪɴ ɢᴇɴᴇʀᴀʟ, ᴀ ꜱᴄɪᴇɴᴄᴇ ɪɴᴠᴏʟᴠᴇꜱ ᴀ ᴘᴜʀꜱᴜɪᴛ ᴏꜰ ᴋɴᴏᴡʟᴇᴅɢᴇ ᴄᴏᴠᴇʀɪɴɢ ɢᴇɴᴇʀᴀʟ ᴛʀᴜᴛʜꜱ ᴏʀ ᴛʜᴇ ᴏᴘᴇʀᴀᴛɪᴏɴꜱ ᴏꜰ ꜰᴜɴᴅᴀᴍᴇɴᴛᴀʟ ʟᴀᴡꜱ. ꜱᴄɪᴇɴᴄᴇ.
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