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25 June, 16:13

What percentage increase occurs in the price of a round-trip economy ship fare from New York to London by electing to go in peak season tourist class as opposed to a 30-day excursion 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

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Answers (1)
  1. 25 June, 16:43
    0
    The percentage increase is 35.93%

    Explanation:

    To find a percentage increase, we first have to evaluate the absolute difference involved. Let's check the two values:

    Peak Season Tourist Class Ship Fare : $470.25

    30-Day Excursion Ship Fare : $345.95

    Absolute difference is: $470.25 - $345.95 = $124.30

    Now, the question is about percentage increase ... so we have to divide this absolute difference by the lowest fare ($345.95):

    %Diff = $124.30 / $345.95 = 0.3593

    The percentage increase is then 35.93%
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