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STAR TRANSPORT CO. has been given a route 20km. long for running buses. The company has a fleet 10 buses each costing Rs.60,000. e following
STAR TRANSPORT CO. has been given a route 20km. long for running buses. The company has a fleet 10 buses each costing Rs.60,000. e following are estimated expenditure and other details: C) Insurance charges 3% p. a. Annual tax for each bus Rs.3,000 Total garage charges Rs.4,000 p.m. (iv) Driver's salary for each bus Rs.10,000 p.m. (v) Conductor's salary for each bus Rs.7,000 p.m. (vi) Annual repairs to each bus Rs.6,000 (vii) commission to be shared by the driver and 10% of the takings conductor equally: (viii) Cost of stationary Rs.1,500 p.m. (ix) Manager's salary Rs.12,000p.ml (x) Accountant's salary Rs.9,000 p.m. (xi) Petrol and oil Rs.400 per 100 km xii Depreciation p.m 10000 Each bus will make 3 round trips carrying on an average 40 passengers on each trip. The bus will run on an average for 25 days in a month. Assuming 15% profit on takings, prepare statement of cost for a month & Calculate the bus fare to be charged from each passenger
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