From the following data calculate the cost per mile of a vehicle:
|
Rs |
|
|
Value of vehicle |
1,00,000 |
|
Garage rent per year |
1,200 |
|
Insurance charges per year |
400 |
|
Road tax per year |
500 |
|
Driver’s wages per month |
600 |
|
Cost of petrol per litre |
6.40 |
|
Tyre maintenance per mile |
0.80 |
|
Estimated life—1,50,000 miles |
|
|
Miles per litre of petrol 8 |
|
|
Estimated annual mileage 6,000 |