Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $120 to $30. To receive this special $30 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 25% penalty fare for cancellation; it estimates that about eight-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 800. Ryan expects revenue for the year to be 53.3% higher than the previous year. Last year, Ryan's sales were $489,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $95 round trip (with no cancellation penalty). a. Calculate the percent discount Ryan is offering. Percent discount % b. Calculate the percent passenger travel will increase. Percent passenger travel % c. Calculate the sales for new year. Sales for new year Rectangular Snip d. Calculate Janice's loss if she cancels one round-trip flight. Janice's loss e. Approximately how many more cancellations can Ryan Airlines expect (after Janice's cancellation)? (Round down your answer to nearest whole number.) No of cancellations people
Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $120 to $30. To receive this special $30 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 25% penalty fare for cancellation; it estimates that about eight-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 800. Ryan expects revenue for the year to be 53.3% higher than the previous year. Last year, Ryan's sales were $489,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $95 round trip (with no cancellation penalty). a. Calculate the percent discount Ryan is offering. Percent discount % b. Calculate the percent passenger travel will increase. Percent passenger travel % c. Calculate the sales for new year. Sales for new year Rectangular Snip d. Calculate Janice's loss if she cancels one round-trip flight. Janice's loss e. Approximately how many more cancellations can Ryan Airlines expect (after Janice's cancellation)? (Round down your answer to nearest whole number.) No of cancellations people
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter3: Solving Equation And Problems
Section3.7: Costs, Income, And Value Problems
Problem 10P
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Transcribed Image Text:Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $120 to $30. To receive this special $30 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 25% penalty fare for cancellation; it estimates
that about eight-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 800. Ryan expects revenue for the year to be 53.3% higher than the previous year. Last year, Ryan's
sales were $489,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $95 round trip (with no cancellation penalty).
a. Calculate the percent discount Ryan is offering.
Percent discount
%
b. Calculate the percent passenger travel will increase.
Percent passenger travel
%
c. Calculate the sales for new year.
Sales for new year
Rectangular Snip
d. Calculate Janice's loss if she cancels one round-trip flight.
Janice's loss
e. Approximately how many more cancellations can Ryan Airlines expect (after Janice's cancellation)? (Round down your answer to nearest whole number.)
No of cancellations
people
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