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10 August, 08:46

What percentage savings does a person obtain on a round-trip ticket from New York to London if he chooses to go 14 - to 21-day excursion air fare as opposed to regular economy air fare?

Travel Type

Sample Round-Trip Fares

from New York to London

First-Class Air Fare

$754.30

First-Class Ship Fare

$775.20

Regular Economy Air Fare

$440.80

Tourist Class Ship Fare

$408.00

Peak Season Economy Air Fare

$526.30

Peak Season Tourist Class Ship Fare

$470.25

14 - to 21-Day Excursion Air Fare

$331.00

30-Day Excursion Ship Fare

$345.95

Charter Group (25 Persons or More) Air Fare

$331.00

Charter Group (25 Persons or More) Ship Fare

$306.00

+4
Answers (1)
  1. 10 August, 12:34
    0
    24.9%

    Explanation:

    To be able to get the percentage of savings, we first need to calculate the absolute difference in price:

    Regular Economy Air Fare (R) : $440.80

    14 - to 21-Day Excursion Air Fare (E) : $331.00

    So, if we subtract the price of E ($331) from R ($440.80), we have an absolute difference of:

    S = $440.80 - $331.00 = $109.80

    Since we talk about savings, we have to compare that absolute difference to the higher price:

    P = $109.80 / $440.80 = 0.249

    So, that person would save 24.9%
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