There is rising interest in touring place of the birth. You amke decision to make the little easy money giving those tours at the charge of $50 per person. But that is bit excessive, so, you make decision to give group discounts of $1 per additional person. Or we can say, if two people take tour, you will charge $49 per person for the total of $98. If 3 people decide to take tour, you will charge $48 per person for a total of $144.
a) How many people have to go on tour for you to build $700?
b) Now you amke decision to add the fee of $206 per tour group regardless of size. Find smallest number of people who have to go on the tour for you to build $700?
If you are going to charge that much for the tour, you decide you must at least give everybody lunch. Suppose that each person on tour is going to eat the $4 lunch, cost of which comes out of the pocket. Also suppose that caterer is going to charge you flat fee of $50, regardless of how many people eat.
c) Find smallest number of people who have to go on tour for you to make $700 under the situations? Interpret all your answers.