Quantitative methods of business

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MATH 1053 quantitative methods of business

a) jump! jumps onto delivering first-class service to business class holders and sets up a special lounge for their passengers. To set up the lounge there is a fixed cost of $10,000 find the number of business tickets that need to be sold so that Jump! would be breaking even on the business tickets. Recall that Jump! sells a business tickets for $250, and there is a costs of $100 per business ticket.

b) Jump!is investigating their profits in relation to just Economy tickets. Find the amount of profit or loss from Economy tickets if they fill up the Economy seats on the flight Recall that Jumpp! sells an economy ticket for $150, there is a cost of $50 per economy ticket and no fixed costs to consider.

Reference no: EM133055143

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