An entrepreneur own a bus which runs from Delhi to Agra and back for 25 days in a month.

The distance from Delhi to Agra is 170 kms. The bus completes the trip from Delhi to Agra and back on the same day. Calculate the fare the entrepreneur should charge a passenger if he wants to earn a profit of 33.33 per cent on cost. The following information is further available:

The bus usually runs full up to 90 per cent of its capacity (50 passengers) both ways. Interest is payable on the cost of bus at 10 per cent per annum.

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Cost of bus Salary of driver per month. Salary of conductor per month Salary of part-time accountant per month. Insurance per annum Diesel consumption 4 kms. per litre costing Local taxes per annum Lubricant oil per 100 kms 30,00,000 10,500 7,000 8,500 33,600 30 12,000 Repairs and maintenance per annum. Licence fee per annum Normal capacity (person) Depreciation rate per annum 40 20,000 36,925 50 20