Question 17 Problem Parkash Transport Company has been given a route 20 km long to run a bus. The bus costs the company a sum of Rs. 50,000. It has been insured at 3% p.a. and the annual tax will amount to Rs. 1,000. Garage rent is Rs. 100 p.m. Annual repairs will be Rs. 1,000 and the bus is likely to last for 5 years. The driver's salary will be Rs. 150 per month and the con ductor's salary will be Rs. 100 per month in addition to 10% of the takings as commission (to be shared by the driver and the conductor equally). Cost of stationery will be Rs: 50 p.m. Manager-cum- accountant's salary is Rs. 350 p.m. Petrol and oil will be Rs. 25 per 100 km. The bus will make 3 round trips carrying on the average 40 passengers on each trip. Assuming 15% profit, on takings, calculate the bus fare to be charge ed from each passenger. The bus will be run on an average 25 days in a month. a