As an investor, you are asked to take a decision whether to run the workshop or...

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As an investor, you are asked to take a decision whether to run the workshop or not in the following situation. Owning a car driving school, the rent paid for the office is 18,000/month. You have decided to hire car with driver to teach each student and willing to pay 100 SAR per hour to each driver. Each student must go through 45 hours of training to be eligible for attending the driving test and get the license. You have decided to charge a fee of 5500 SAR per student. a. If x number of students, are eligible to take the driving test each month, what is the total cost per month? (1 mark) b. Whatis the revenue generated for xnumber of studen ts? (1 mark) c. The bottom line of any business is to make profit. Determine minimum number of students that must take admission per month in your driving school, such that you will never make any loss. (2 marks) d. Draw the graph referring to question . (4 marks) e. If 23 students join the training in a month, what will be the fee that you will charge, at the BEP? How much is the discount that you can give to each student at BEP? (2 marks) As an investor, you are asked to take a decision whether to run the workshop or not in the following situation. Owning a car driving school, the rent paid for the office is 18,000/month. You have decided to hire car with driver to teach each student and willing to pay 100 SAR per hour to each driver. Each student must go through 45 hours of training to be eligible for attending the driving test and get the license. You have decided to charge a fee of 5500 SAR per student. a. If x number of students, are eligible to take the driving test each month, what is the total cost per month? (1 mark) b. Whatis the revenue generated for xnumber of studen ts? (1 mark) c. The bottom line of any business is to make profit. Determine minimum number of students that must take admission per month in your driving school, such that you will never make any loss. (2 marks) d. Draw the graph referring to question . (4 marks) e. If 23 students join the training in a month, what will be the fee that you will charge, at the BEP? How much is the discount that you can give to each student at BEP? (2 marks)

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E Fees to be charged Assume Fee... View the full answer