Question
Neeta Transport company is running 4 buses between Delhi & Alver, covering a distance of 100 kms. The seating capacity of each bus is 40
Neeta Transport company is running 4 buses between Delhi & Alver, covering a distance of 100 kms. The seating capacity of each bus is 40 passengers. Following particulars are obtained from its books for the month of Nov. 2015. Wages of Drivers & Conductors 9,600 Salaries of office staff 3,000 Honorarium of Accountant 1,000 Diesel, Oil, etc. 16,000 Repairs & maintenance 3,200 Road tax & insurance 6,400 Interest & other charges 8,000 Depreciation 10,400 Actual passengers carried were 75% of capacity. All the buses ran for 30 days 10 each bus made one round trip per day. Find out the fare the company should charge per passenger/km if it wants a profit of 20%.
Step by Step Solution
3.48 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
Neeta Transport Company Fare Calculation 1 Total Revenue Calculation Total number of trips per day 4 buses 1 tripbusday 4 tripsday Total distance cove...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started