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Be careful! What if a family puts out 15 huge bags of trash? Same price? You might think about a flat weekly fee, and then charging per bag over a certain limit.
Also, you should think about applying a little math in the form of linear problem solving if your truck must make runs to the dump before reaching every house. You'll want to minimize the mileage variable. Sometimes you don't wait for the truck to be full, depending on the shape and size of the route. LPS software is kicking around, see if you know someone that has some. It can be done by hand, but it's a bit of a bear.
It might be okay for the truck to be too big than too small. Even if it gets worse fuel economy, you might be spared runs to the dump, therefore meaning less fuel cost.
100 residents might be too small. 100x$40 = $4000 per month. Take out costs, and the remaining $$ might be pretty good for one day's work per week. Do some nitty-gritty calculations to figure out your break-even point.
Go visit a municipal sanitation dept and ask for some help. Make up some BS about neing a student and needing help. Maybe they'll run a LPS senario for you...
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