Maximization of Revenue of Tour Operator

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Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations

SOL Solved Assignment

Code : 52411202
Course Title : Business Mathematics and Statistics

52411202: Business Mathematics and Statistics Solved Assignment for 2020

Question 1. (b)A tour operator charges Rs. 200 per passenger for 50 passengers with a discount of Rs. 5 for each 10 passenger in excess of 50. Determine the number of passengers that will maximize the revenue of the operator.

ANSWER: when 225 passengers are travelling the tour operator receives maximum money.


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