You are considering starting a bus service to Whistler in the winter to take advantage of the ski season. You have an option to rent a 50 seat bus and plan to offer round trip service from downtown Vancouver. The rent and fuel cost you $600 per trip. You expected an additional cost of $15 per passenger. You have decided to price your tickets at $40 per passenger per trip. If you only took 35 passengers for one of your trips, what was your profit or loss for that trip? Question 14 options: $275 profit $875 loss $550 loss $1,400 profit

Answer rating: 100% (QA)

To calculate the profit or loss for the trip we need to consider the ... View the full answer