Voyager Cabs Pvt. Ltd. is a New Delhi based cab renting company, provides cab facility on...
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Voyager Cabs Pvt. Ltd. is a New Delhi based cab renting company, provides cab facility on rent for cities Delhi, Agra and Jaipur to the tourists. To attract more tourists it has launched a new three days tour package for Delhi-Jaipur-Agra-Delhi. Following are the relevant information regarding the package: Distance between Delhi to Jaipur (Km.) Distance between Delhi to Agra (Km.) Distance between Agra to Jaipur (Km.) Price of diesel in Delhi Price of diesel in Jaipur Price of diesel in Agra Mileage of cab per litre of diesel (Km.) Chauffeur's salary Cost of the cab 274 242 238 54 per litre *56 per litre *58 per litre 16 * 12,000 per month * 12,00,000 Expected life of the cab Servicing cost Chauffeur's meal allowance Other set up and office cost Voyager Cabs has made tie-up with fuel service centres at Agra, Jaipur and Delhi to fill diesel to its cabs on production of fuel passbook to the fuel centre. Company has a policy to get fuel filled up sufficient to reach next destination only. 24,00,000 kms. *30,000 after every 50,000 kilometres run. *50 for every 200 kilometres of completed journey * 2,400 per month. You are required to calculate the price inclusive of service tax @ 12.36% to be quoted for the package if company wants to earn profit of 25% on its net takings i.e. excluding service tax. Voyager Cabs Pvt. Ltd. is a New Delhi based cab renting company, provides cab facility on rent for cities Delhi, Agra and Jaipur to the tourists. To attract more tourists it has launched a new three days tour package for Delhi-Jaipur-Agra-Delhi. Following are the relevant information regarding the package: Distance between Delhi to Jaipur (Km.) Distance between Delhi to Agra (Km.) Distance between Agra to Jaipur (Km.) Price of diesel in Delhi Price of diesel in Jaipur Price of diesel in Agra Mileage of cab per litre of diesel (Km.) Chauffeur's salary Cost of the cab 274 242 238 54 per litre *56 per litre *58 per litre 16 * 12,000 per month * 12,00,000 Expected life of the cab Servicing cost Chauffeur's meal allowance Other set up and office cost Voyager Cabs has made tie-up with fuel service centres at Agra, Jaipur and Delhi to fill diesel to its cabs on production of fuel passbook to the fuel centre. Company has a policy to get fuel filled up sufficient to reach next destination only. 24,00,000 kms. *30,000 after every 50,000 kilometres run. *50 for every 200 kilometres of completed journey * 2,400 per month. You are required to calculate the price inclusive of service tax @ 12.36% to be quoted for the package if company wants to earn profit of 25% on its net takings i.e. excluding service tax.
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Solution Calculation of Price of the Delhi Jaipur AgraDelhi four package ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Posted Date:
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