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

Question

Essence

English

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

+2

Answers (1)

Know the Answer?

Adam Doyle · Answer 1

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%