Page 7 - Ch5_Value of Supply
P. 7
Sec 15(2)(e): Subsidies by private enterprises
CCP 05.01.08.00
CCP 05.01.09.00
Sharp Minds Institute provides coaching for engineering entrance examinations. Monthly fee charged
by the Institute from a student is ` 10,000. The Institute is known for its commitment to provide
education to underprivileged children. It trains 10 students every year for entrance examinations free
of cost. The Institute has received ` 3,00,000 as coaching fees during a month. Nav Jeevan, an NGO
working in the area of education for underprivileged children, has given a subsidy of ` 10,000 (in
lumpsum) during the month to the Institute as it is serving the cause of underprivileged children.
Determine the value of supply of education services made by Sharp Minds Institute during the month.
[Study Mat]
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