Shriman operates a taxi. Compute cost per running km from the following details. Rs Purchase price of

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Shriman operates a taxi. Compute cost per running km from the following details.

Rs Purchase price of taxi 50,000 Insurance per annum 1,000 Rent of garage per month 100 Tyres and tubes per set (A set lasts 16,000 km) 4,000 Rs Driver’s wage per day of 8 hours 32 (Average distance per day 160 km)
Fuel cost per gallon (A gallon lasts 24 km) 12 Repairs per annum 1,200 Stand and police payments p.a. 2,600 Interest on bank loan for the taxi p.a. 4,000 Kilometres run per annum 20,000 Life of the taxi (in km) 1,00,000

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