One day i heard that the school fees in cities are very much high. i just started calculating it .
Here is the pattern of a child when it joins the school for the first time for that year:-
DONATION :- 20,000
FEES/YEAR :- 3,600
BUS CHARGE :- 2400
A minimum of 50 students will get admitted
20,000 x 50 = 10,00,000
3,600 x 50 = 1,80,000
2400 x 50 = 1,20,000
800 x 50 = 40,000
TOTAL = 13,40,000/-
13 lakh 40 thousand is what a school gets from freshly admitted 50 students to pre-nursery!!!! and unfortunately the price is still very high in many schools.
Now let us consider that the school has education upto 10th standard and each class has a strength of 50 students.
So total number of students from LKG, UKG, 1st to 10th standard = 12 x 50 = 600.
so 600 x 3600 [ year fees ] = 21,60,000/-
600 x 2400 [ bus charges] = 14,40,000/-
Uniforms are sticthed in such a way that it becomes unfit for the child in few months
so 600 x 800 = 4,80,000
Schools will collect a fees of min 2000/- extra for every year 600 x 2000 = 12,00,000/-
TOTAL 21,60,000 + 14,40,000 + 4,80,000 + 12,00,000 = 52,80,000/-
FINALLY 13,40,000 + 52,80,000 = 66,20,000/- THIS IS THE ANNUAL INCOME FOR A SCHOOL [ i have not included the new admissions in between the year]
What will be the net profit of the school after giving salary to its staff? At present i don’t have clear details about the salary they are getting in private schools but as per my knowledge it will not cross 20 - 30% of the collected amount.