Shriman operates a taxi. Compute cost per running km from the following details.

Rs

Purchase price of taxi

50,000

Insurance per annum

1,000

Rent of garage per month

100

Tyres and tubes per set (A set lasts 16,000 km)

4,000

Driver’s wage per day of 8 hours

32

(Average distance per day 160 km)

Fuel cost per gallon (A gallon lasts 24 km)

12

Repairs per annum

1,200

Stand and police payments p.a.

2,600

Interest on bank loan for the taxi p.a.

4,000

Kilometres run per annum

20,000

Life of the taxi (in km)

1,00,000