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ProAtWork7
ProAtWork7
10.09.2021 • 
Mathematics

Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $100 to $35. To receive this special $35 price, the customer must buy a round-trip ticket. Ryan has a nonrefundable 20% penalty fare for cancellation; it estimates that about eight-tenths of 1% will cancel their reservations. The airline also estimates this special price will cause a passenger traffic increase from 400 to 900. Ryan expects revenue for the year to be 53.3% higher than the previous year. Last year, Ryan’s sales were $492,000. To receive the special rate, Janice Miller bought two round-trip tickets. On other airlines, Janice has paid $80 round trip (with no cancellation penalty). a. Calculate the percent discount Ryan is offering. (Round to the nearest hundredth percent.)

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