Are there any economists out there that can explain the logic in the following to me please
The Jakarta Taxi's Organization states that because the price of fuel is 17% of the operational charges of a taxi company , they have asked the city authorities permission to raise their prices by 44,4% per kilometer and 77.5% flag fall.
Huh !! i must really be stupid , because i don't get that they can justify those mathematics.
what are i not seeing in this equation ?