A travel agency is planning a trip to England for 100
members of a college faculty....
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A travel agency is planning a trip to England for 100members of a college faculty. The plane fare will be $600 perfaculty member if all members attend the trip. With eachcancellation, however l, the fare will increase by$250 per facultymember.
the cost to the agency is $20,000 plus $40 for eachpassenger.
What is the price that will generate the maximumprofit for the agency?
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