Question

Prakash Transport Company has been given a route of 20 km long to run a bus. The bus costs 12.50.000 with an estimated useful life of 5 years. It is insured @ 3% pa of the cost. Annual tax amounted to 25,000. The garage rent is ₹5.000 per month. Annual repairs cost is estimated as ₹50.000 The driver is paid a salary of ₹7,500 per month and the conductoris paid ₹5.000 per month in addition to a 10% of takings as commission to be shared equally by them. Office Stationery would ₹1.000 pm and Office Salaries ₹10,000 pm. Diesel will cost @ 30 per liter and the bus would travel a distance of 5 km per liter. The bus will make 3 round trips carrying on an average 40 passengers on each trip. Assuming a profit of 15% on takings calculate the fare to be charged from each passenger. The bus will operate for 25 days in a month.​

Answer 1

Explanation:

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