ABC Transport Company has given a route 40 kilometers long to run bus. The bus costs the company a sum of Rs.1, 00,000. It has been insured at 3% p.a. and the annual tax will amount to Rs.2, 000. Garage rent is Rs.200 per month. Annual repairs will be Rs.2, 000 and the bus is likely to last for 5 years. The driver’s salary will be Rs.300 per month and the conductor’s salary will be Rs.200 per month in addition to 10% of takings as commission [To be shared by the driver and conductor equally].
Cost of stationery will be Rs.100 per month. Manager cum accountant’s salary is Rs.700 per month. Petrol and oil will be Rs.50 per 100 kilometers. The bus will make 3 up and down trips carrying on an average 40 passengers on each trip. Assuming 15% profit on takings, calculate the bus fare to be charged from each passenger. The bus will run on an average 25 days in a month.