400 passengers go on a coach trip.
Each coach takes 50 passengers.
Each passenger pays £23
Below shows the costs for the coach company.
pay for driver/cost for each coach=£95
Fuel/ cost for each coach = 70p per mile
Each coach travels 200 miles.
work out the total profit the company makes from this trip
could you explain it a bit more please
I cant really help you on the full thing, but i know that they’re are 8 coaches, and the price for the coaches, is £760. passengers is £9,200 and they drove 1,600 miles
To calculate the total profit the company makes from this trip, we need to determine the total revenue and subtract the total costs.
1. Total Revenue:
- Number of passengers: 400
- Price each passenger pays: £23
- Total revenue = Number of passengers * Price per passenger
= 400 * £23
= £9,200
2. Total Costs:
- Cost per coach for the driver: £95
- Cost per coach for fuel per mile: £0.70 * 200 miles
= £140
- Number of coaches: Total passengers / Passengers per coach
= 400 passengers / 50 passengers per coach
= 8 coaches
- Total cost for drivers = Cost per coach for the driver * Number of coaches
= £95 * 8
= £760
- Total cost for fuel = Cost per coach for fuel per mile * Number of miles * Number of coaches
= £140 * 200 miles * 8
= £224,000
- Total costs = Total cost for drivers + Total cost for fuel
= £760 + £224,000
= £224,760
3. Total Profit:
- Total Profit = Total revenue - Total costs
= £9,200 - £224,760
= -£215,560
The company makes a total loss of £215,560 from this trip.
To calculate the total profit made by the company from this trip, we need to consider the expenses and the revenue generated.
First, let's calculate the revenue generated from ticket sales:
Number of passengers = 400
Ticket price per passenger = £23
Revenue per coach = 50 passengers * £23 = £1150
Number of coaches required = Total passengers / Passengers per coach = 400 / 50 = 8
Total revenue from ticket sales = Number of coaches * Revenue per coach = 8 * £1150 = £9200
Now, let's calculate the expenses:
Cost per coach for the driver = £95
Number of coaches = 8
Total cost for drivers = Cost per coach * Number of coaches = £95 * 8 = £760
Fuel cost per mile = £0.70
Miles traveled per coach = 200
Fuel cost for a single coach = Fuel cost per mile * Miles traveled per coach = £0.70 * 200 = £140
Total fuel cost for all coaches = Fuel cost for a single coach * Number of coaches = £140 * 8 = £1120
Total expenses = Total cost for drivers + Total fuel cost for all coaches = £760 + £1120 = £1880
Finally, let's calculate the company's profit:
Profit = Total revenue - Total expenses = £9200 - £1880 = £7320
Therefore, the total profit made by the company from this trip is £7320.