rom the following data relating to two different vehicles A and B, compute the cost per running mile:
|
A |
B |
|
|
Mileage run (annual) |
15,000 |
6,000 |
|
Cost of vehicles |
25,000 |
15,000 |
|
Road licence (annual) |
750 |
750 |
|
Insurance (annual) |
700 |
400 |
|
Garage rent (annual) |
600 |
500 |
|
Supervision, salaries, etc. (annual) |
1,200 |
1,200 |
|
Driver wage per hour |
8 |
8 |
|
Cost of petrol per litre |
10 |
10 |
|
Miles run per litre |
20 miles |
15 miles |
|
Repair and maintenance charge (per mile) |
0.20 |
0.30 |
|
Tyre allocation per mile |
0.80 |
0.60 |
|
Estimated life of the vehicle |
1,00,000 miles |
75,000 miles |
You are to charge interest on cost of vehicles at 5% per annum. The vehicles run 20 miles per hour on an average.