Homework Answers
| Ttal Cost for Cancun Trip & Jamaican Trip | |||||||
| Cancum | Jamaica | ||||||
| Pacjage Specification Cost | Unit cost per night [a] | Cancum [b] |
Total Cost of Cancum [a*b] | Jamaica [c] | Total Cost of Jamaica [a]*[c] | ||
| Oceanfront room; number of nights | $ 41.00 | 10 | $ 410.00 | 8 | $ 328.00 | ||
| Meals: | $ - | $ - | |||||
| Breakfasts | $ 9.00 | 11 | $ 99.00 | 9 | $ 81.00 | ||
| Lunches | $ 11.00 | 11 | $ 121.00 | 9 | $ 99.00 | ||
| Dinners | $ 17.00 | 10 | $ 170.00 | 4 | $ 68.00 | ||
| Scuba diving trips | $ 23.00 | 8 | $ 184.00 | 6 | $ 138.00 | ||
| Water skiing trips | $ 17.00 | 9 | $ 153.00 | 6 | $ 102.00 | ||
| Airfare (round trip from Miami - Cancun) | $275.00 | 1 | $ 275.00 | $ - | |||
| Airfare (round trip from Miami - Jamaica | $350.00 | $ - | 1 | $ 350.00 | |||
| Transportation to and from airport Cancun | $ 23.00 | 1 | $ 23.00 | $ - | |||
| Transportation to and from airport Jamaica | $ 18.00 | $ - | 1 | $ 18.00 | |||
| TOTAL Cost | $ 1,435.00 | $ 1,184.00 | |||||
| Statement Showing Profit Margin | |||||||
| Cancun | Jamaica | ||||||
| Revenue | $ 2,900.00 | $ 2,840.00 | |||||
| Less: Cost | $ 1,435.00 | $ 1,184.00 | |||||
| Revenue | $ 1,465.00 | $ 1,656.00 | |||||
| Profit Margin = Revenue /Cost*100 | 102% | 140% | |||||
| 2 | Statement Showing Revisd Profit Margin | ||||||
| Cancun | Jamaica | ||||||
| Revenue | $ 2,860.00 | $ 2,800.00 | |||||
| Less: Cost | $ 1,435.00 | $ 1,184.00 | |||||
| Revenue | $ 1,425.00 | $ 1,616.00 | |||||
| Profit Margin = Revenue /Cost*100 | 99% | 136% | |||||
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