Question

Mr. Ajay, an employee of a company, uses his own car for official purposes and the company
reimburses him at * 1.80 per km. He claims that the reimbursement should be at higher amount. A
scrutiny of expenses incurred on car reveals the following: -
Oil change - 120 for every 4,800 kms. Cost of the car is 1,08,000, the residual value after useful
Maintenance - 1,800 for every 9,600 kms. life of 3 years - 60,000.
Yearly insurance premium - 4,000 Petrol price - 5 per litre; 8 kms., are travelled on one litre
Mr. Ajay travels an average of 192 kms., in a day, works 5 days in a week, has 16 days vacation in a
wear and spends 15 working days a month in the office. Total 365 days in a year. You are required to:-
.. Determine an equitable rate of reimbursement.
Number of kms., that has to be travelled per day to break-even at the current rate of
reimbursement.​

Answer 1

Answer:

It is too lengthy

I can't solve.

Sorry for it.

Answer 2

Answer:

hey you still want to be a good day today and tomorrow is a source for the day before I