What percentage increase occurs in the price of a round-trip economy ship fare from new york to london by electing to go in peak season tourist class as opposed to a 30-day excursion fare
travel type
sample round-trip fares
from new york to london
first-class air fare
$754.30
first-class ship fare
$775.20
regular economy air fare
$440.80
tourist class ship fare
$408.00
peak season economy air fare
$526.30
peak season tourist class ship fare
$470.25
14- to 21-day excursion air fare
$331.00
30-day excursion ship fare
$345.95
charter group (25 persons or more) air fare
$331.00
charter group (25 persons or more) ship fare
$306.00

The percentage increase is 35.93%

Explanation:

To find a percentage increase, we first have to evaluate the absolute difference involved. Let's check the two values:

Peak Season Tourist Class Ship Fare : $470.25

30-Day Excursion Ship Fare : $345.95

Absolute difference is: $470.25 - $345.95 = $124.30

Now, the question is about percentage increase so we have to divide this absolute difference by the lowest fare ($345.95):

%Diff = $124.30 / $345.95 = 0.3593

The percentage increase is then 35.93%

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