From the following data calculate the cost per mile of a vehicle:
|
Rs |
|
|
Value of vehicle |
15,000 |
|
Road licence for the year |
500 |
|
Insurance charges per year |
100 |
|
Garage rent per year |
600 |
|
Driver’s wage per month |
200 |
|
Cost of petrol per litre |
0.80 |
|
Miles per litre |
8 |
|
Proportionate charge for tyre and maintenance per mile |
0.20 |
|
Estimated life |
1,50,000 miles |
|
Estimated annual mileage |
6,000 miles |
Ignore interest on capital.