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The Indian Airlines flight from DEL to BLR has a capacity of 250 people. The airline sold 270 tickets for the flight at a price of INR 4563 per ticket. Tickets are nonrefundable. The variable cost of flying a passenger (mostly food costs and fuel costs) is INR 356 per passenger. If more than 250 people show up for the flight, the flight is overbooked, and Indian Airlines must pay overbooking compensation of INR 5000 per person to each overbooked passenger. Develop a worksheet (in an excel sheet along with formulae) that computes Indian Airlines profit based on the number of customers who show up for the flight.
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