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Mr kopil Hossain runs a taxi car service in the city and has two Taxis. He furnishes to you the following data and wants you
Mr kopil Hossain runs a taxi car service in the city and has two Taxis. He furnishes to you the following data and wants you to compute the cost per running km. Particulars Vehicle A Vehicle B Amount Amount Cost of vehicle 25,000 15.000 Road license fees per year 750 750 Supervision & salaries (yearly) 1.800 1.200 Drivers wages per hour 4 4 Cost of fuel per liter 1.50 1.50 Repairs & maintenance per km. 1.50 2.00 Tyre cost per year 1.00 0.80 Garage rent per year 1,600 550 Insurance premium (yearly) 850 500 Kms.run per liter 6 5 Kilometers run during the year 15,000 6.000 Estimated life of vehicles (kilometers) 1,00,000 75,000 Charge interest at 10%p.a. on cost of vehicle. Each vehicle runs 10 kilometers per hour on an average. The company charges 20% profit on cost. 10 Required: i. Determine cost per kilometer of the vehicles and ii. Which vehicles may generate more profit in future due to lower cost
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