An entrepreneur own a bus which runs from Delhi to Agra and back for 25 days in a month. The distance from Delhi to Agra is 170 kms. The bus completes the trip from Delhi to Agra and back on the same...


An entrepreneur own a bus which runs from Delhi to Agra and back for 25 days in a month. The distance from Delhi to Agra is 170 kms. The bus completes the trip from Delhi to Agra and back on the same day. Calculate the fare the entrepreneur should charge a passenger if he wants to earn a profit of 33.33 per cent on cost. The following information is further available:


The bus usually runs full up to 90 per cent of its capacity (50 passengers) both ways. Interest is payable on the cost of bus at 10 per cent per annum.



May 02, 2022
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