Indigo Airlines makes $600 for each executive class ticket sold and loses $144 for each business class ticket sold. If the company sold 24500 tickets of business class, then how many tickets of executive class is the company required to sell to break even ($0 profit)?
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Loss on the business tickets = 1 4 4 × 2 4 5 0 0 = 3 5 2 8 0 0 0 . And one executive class ticket adds a profit of 6 0 0 . So to compensate the loss, we should sell ( 6 0 0 3 5 2 8 0 0 0 ) = 5 8 8 0 executive class tickets. □
Let the number of executive class tickets required to sell to achieve the zero profit/loss state is a .
Hence mathematically we can say that
( − 1 4 4 × 2 4 5 0 0 ) + ( a × 6 0 0 ) = 0
⇒ 6 0 0 a = 3 5 2 8 0 0 0
⇒ a = 6 0 0 3 5 2 8 0 0 0 = 5 8 8 0 . □
number of business class tickets=24500
loss incurred on each business class ticket = 144
so,total loss incurred=24500*144 =3528000
profit on each executive class ticket = 600
so,number of executive tickets =3528000\600 = 5880
24500 * 144 = 3528000
3258000 / 600 = 5880
A DIFFERENT APPROACH TO THIS QUESTION,
We know that the L.C.M. of 144 and 360 is 3600. thus if he sells 6 executive class tickets, then he can earn as much as he had incurred loss by selling 25 tickets..
Hence, according to direct proportions... x/24500=6/25 (x refers to the executive tickets sold.)
.therefore, x=5880
5880 bcoz 144 X 24500 =3528000 /600=5880
245000*-144+x(600)=0 -3528000+600x=0 600x=3528000 x=5880
Technically Indigo Airlines is a no- frills airline and does not offer business or executive class services. But yes the solution is
No of seats = (24500 x 144)/600 that gives you 5880 seats
-144 24500+600y=0 Y=(144 24500)/600 =5880
Business ticket 144X24500=Exclusive TicketX600 Exclusive Ticket=(144X24500)/600=5880
If Executive class tickets sold are 'x' ,then for no profit no loss, it should generate the loss of income= 144*24500=3528000
So 600x=3528000 , x=5880
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We let E be the number of executive class ticket sold and B be the number of business class ticket sold. Then our equation must be
6 0 0 E − 1 4 4 B = 0
However, it was stated in the problem that B = 2 4 5 0 0 , so we substitute
6 0 0 E − 1 4 4 ( 2 4 5 0 0 ) = 0
6 0 0 E − 3 5 2 8 0 0 0 = 0 (multiply 144 by 24500)
6 0 0 E = 3 5 2 8 0 0 0 (add 3528000 to both sides of the equation or transposed -3528000 to the right side)
Dividing both sides by 6 0 0 , we get
E = 5 8 8 0