QUESTION 4 4.1 Thabo, who is a taxi owner, needed to b…
QUESTION 4 4.1 Thabo, who is a taxi owner, needed to buy a new taxi. The two taxis he was interested in, were as follows: Right click on the button below and open the TAXI INFORMATION in a new tab 4.1.1 Determine the width : length ratio of the Quantam model without simplifying. (2) 4.1.2 Round off both values used in question 4.1.1 to the nearest whole number. (2) 4.1.3 Thabo decided on buying the Ses’fikile and gave a deposit. Determine the amount he needs to borrow from the bank to cover the rest of the purchase price. Give your answer to the nearest ten Rand. (4) 4.1.4 His taxi carried the maximum amount of people on all 24 trips. Calculate the income from this taxi, if the passengers paid R25.00 per trip. (4) 4.1.5 His cost of running this taxi, is as follows: Driver = R10 000.00 p.m. Petrol = R14 000.00 p.m. Insurance = R1 600.00 p.m. Repayment = R13 500.00 p.m. Maintenance = R4 000.00 p.m. Use your answer in question 4.1.4 and the above mentioned costs to calculate his monthly percentage profit on this taxi. Use the formula:
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