Neco Model Questions Vol1 2024 Geography Question 16
Practice objective / multiple choice question 16 from the 2024 Neco Model Questions Vol1 Geography examination.
A bus company operates a (120\) km route. Fuel consumption is (30\) L per 100 km when the bus is empty and increases by (0.2\) L per 100 km for each passenger above 20 (up to a capacity of 50). The ticket price per passenger is \(\text{₦}500\). Fuel costs \(\text{₦}180\) per litre. The driver's salary per trip is \(\text{₦}8{,}000\) and other fixed costs are \(\text{₦}4{,}000\). What is the minimum number of passengers required for the trip to be profitable (revenue greater than total cost)?
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About This Question
This is Neco Model Questions Vol1 2024 Geography Question 16. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Geography examination.
Difficulty level: Hard .
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