SOLUTION: Mr Jones runs his own transport business.he owns one taxi and he employs Stephen as a taxi driver.01/02/2011 to 28/02/2011 maintenance on taxi and expenditure is as follows: fuel i
Algebra.Com
Question 1195737: Mr Jones runs his own transport business.he owns one taxi and he employs Stephen as a taxi driver.01/02/2011 to 28/02/2011 maintenance on taxi and expenditure is as follows: fuel is R2875.49, repairs is R446.09, service contract is R120.00,Taxi insurance R805.45,taxi licence fee is R600.00, taxi drivers salary is R5500.00, taxi associates is R50.00
1.1. Calculate the total expenditure on taxi maintenance
1.2. list the fixed expenses
1.3. calculate the total expenditure during February.
1.4. By how much does the income exceed the expenditure
Answer by proyaop(69) (Show Source): You can put this solution on YOUR website!
I'll calculate the total maintenance cost by adding up the cost of fuel, repairs, and the service contract.
Fixed expenses are the expenses that stay the same each month. I'll list the fixed expenses from the list you provided.
To calculate the total expenditure during February, I'll add up all the expenses listed.
Finally, I'll calculate the profit by subtracting the total expenditure from the total income.
```python?code_reference&code_event_index=3
# Create a dictionary to store the expenses
expenses = {
'fuel': 2875.49,
'repairs': 446.09,
'service contract': 120.00,
'taxi insurance': 805.45,
'taxi licence fee': 600.00,
'taxi driver salary': 5500.00,
'taxi associates': 50.00
}
# Calculate the total maintenance cost
total_maintenance_cost = expenses['fuel'] + expenses['repairs'] + expenses['service contract']
# Create a list of fixed expenses
fixed_expenses = ['service contract', 'taxi insurance', 'taxi licence fee', 'taxi driver salary', 'taxi associates']
# Calculate the total expenditure
total_expenditure = sum(expenses.values())
# Calculate the profit (assuming income is R28000 as provided)
income = 28000
profit = income - total_expenditure
# Print the results
print(f"1.1 Total expenditure on taxi maintenance: R{total_maintenance_cost:.2f}")
print("1.2 Fixed expenses:", fixed_expenses)
print(f"1.3 Total expenditure during February: R{total_expenditure:.2f}")
print(f"1.4 Profit (Income - Expenditure): R{profit:.2f}")
```
```text?code_stdout&code_event_index=3
1.1 Total expenditure on taxi maintenance: R3441.58
1.2 Fixed expenses: ['service contract', 'taxi insurance', 'taxi licence fee', 'taxi driver salary', 'taxi associates']
1.3 Total expenditure during February: R10397.03
1.4 Profit (Income - Expenditure): R17602.97
```
Based on my calculations:
* **1.1 Total expenditure on taxi maintenance:** R3441.58
* **1.2 Fixed expenses:**
* service contract
* taxi insurance
* taxi licence fee
* taxi driver salary
* taxi associates
* **1.3 Total expenditure during February:** R10397.03
* **1.4 Profit (Income - Expenditure):** R17602.97
RELATED QUESTIONS
One day Mr. Baclaan left home at 7:35 A.M. and drove to his office. If he arrived there... (answered by rfer)
Dorian decides to work a second job as a taxi driver. He earns three times as much at his (answered by jorel1380)
Mr. Knight owned 8/9 of a family business. He sold 1/8 of the business to his sister.... (answered by rfer)
A Taxi driver takes R360 in fares per trip with a full load of passengers. If he... (answered by stanbon)
Jamal works in a city and
sometimes takes a taxi to work. The
taxicabs charge $1.50 for (answered by Alan3354)
Traffic signals at each intersection on a main road all change on the same 2 minute... (answered by rothauserc,ikleyn,MathTherapy)
Hi
Town A and B are 220km apart. A lorry driver and a taxi driver started off at the... (answered by josgarithmetic,greenestamps)
Natural and Whole Numbers.
A student at St. F. X. decided to become his own employer by (answered by ankor@dixie-net.com)
A tourist starts to walk up a mountain path that is 31 miles long at the rate of 4 miles... (answered by richwmiller)