QUESTION 2 Mr Bogasu the English teacher of the grade 12 learners planned to resign
at the end of the year and become a taxi owner as he has lost interest in
his work. The following is a sample of income and expenses of one month
from one taxi owner mentoring him.
Income Expenses
R350
Taxi association
Taxi License
R450
R362
Insurance for the taxi
Maintainance cost:
R80
1. Car wash
R9500
2.Fuel
R600
3. Repairs
R15900
Collected fares
R15900 R11342
TOTAL

Did the mentor make profit? Show all calculations ​