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Thulani wants to start a transport business. He owns one minibus and employs Lebogang to be the driver. The table below shows the list of income and expenditure for July 2026. Use the given information to answer the questions that follow.

Accounting

ScanSolve AI Answer

Step-by-step solution

4 steps
  1. Calculate the total maintenance costs.

    Maintenance costs include Fuel, Services and repairs, and Cleaning.

    Total maintenance costs=Fuel+Services and repairs+Cleaning\text{Total maintenance costs} = \text{Fuel} + \text{Services and repairs} + \text{Cleaning} Total maintenance costs=R3 279.61+R1 046.10+R150.00\text{Total maintenance costs} = \text{R}3\,279.61 + \text{R}1\,046.10 + \text{R}150.00 Total maintenance costs=R4 475.71\text{Total maintenance costs} = \text{R}4\,475.71

    The total maintenance costs are R4 475.71\boxed{\text{R}4\,475.71}.

  2. Calculate the litres of fuel used.

    The fuel expense is R3 279.61 and the cost per litre is R24.94.

    Litres of fuel used=Total fuel expenseCost per litre\text{Litres of fuel used} = \frac{\text{Total fuel expense}}{\text{Cost per litre}} Litres of fuel used=R3 279.61R24.94/litre\text{Litres of fuel used} = \frac{\text{R}3\,279.61}{\text{R}24.94/\text{litre}} Litres of fuel used≈131.50 litres\text{Litres of fuel used} \approx 131.50 \text{ litres}

    Approximately 131.50 litres\boxed{131.50 \text{ litres}} of fuel were used.

  3. Calculate the percentage of total expenses allocated to salary.

    The driver's salary is R11 350.00 and the total expenses are R19 717.16.

    Percentage allocated to salary=Driver’s salaryTotal expenses×100%\text{Percentage allocated to salary} = \frac{\text{Driver's salary}}{\text{Total expenses}} \times 100\% Percentage allocated to salary=R11 350.00R19 717.16×100%\text{Percentage allocated to salary} = \frac{\text{R}11\,350.00}{\text{R}19\,717.16} \times 100\% Percentage allocated to salary≈57.56%\text{Percentage allocated to salary} \approx 57.56\%

    Approximately 57.56%\boxed{57.56\%} of the total expenses was allocated to salary.

  4. Calculate the profit Thulani made.

    Profit is calculated as Total Income minus Total Expenses.

    Profit=Total Income−Total Expenses\text{Profit} = \text{Total Income} - \text{Total Expenses} Profit=R27 842.00−R19 717.16\text{Profit} = \text{R}27\,842.00 - \text{R}19\,717.16 Profit=R8 124.84\text{Profit} = \text{R}8\,124.84

    Thulani made a profit of R8 124.84\boxed{\text{R}8\,124.84}.

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