Piero makes his living from organizing boat trips across a lake with scenic views.He charges £6.50 per trip, and he budgets to sell 11 650 trips during his 20X4 season, which runs from May to September. During May 20X4 Piero found that business was slow.Therefore he took the decision to lower the fare per trip from £6.50 to £6.00 with effect from the beginning of June, in an effort to increase business.
Actual figures for number of trips sold in 20X4 were as follows:
Piero's budget expenses for the 20X4 season were as follows:
Actual staff costs exceeded budget by 5%.Boat maintenance charges were actually £7550 and administrative expenses were £9590.Depreciation was charged in line with budget.
By how much did Piero's actual profit exceed budget profit in the 20X4 season?

Question

Piero makes his living from organizing boat trips across a lake with scenic views.He charges £6.50 per trip, and he budgets to sell 11 650 trips during his 20X4 season, which runs from May to September. During May 20X4 Piero found that business was slow.Therefore he took the decision to lower the fare per trip from £6.50 to £6.00 with effect from the beginning of June, in an effort to increase business.
Actual figures for number of trips sold in 20X4 were as follows:
 Piero's budget expenses for the 20X4 season were as follows:
 Actual staff costs exceeded budget by 5%.Boat maintenance charges were actually £7550 and administrative expenses were £9590.Depreciation was charged in line with budget.
By how much did Piero's actual profit exceed budget profit in the 20X4 season?

Quizplus · Accepted Answer

The Answer of Piero makes his living from organizing boat trips across a lake with scenic views.He charges £6.50 per trip, and he budgets to sell 11 650 trips during his 20X4 season, which runs from May to September. During May 20X4 Piero found that business was slow.Therefore he took the decision to lower the fare per trip from £6.50 to £6.00 with effect from the beginning of June, in an effort to increase business.
Actual figures for number of trips sold in 20X4 were as follows:
 Piero's budget expenses for the 20X4 season were as follows:
 Actual staff costs exceeded budget by 5%.Boat maintenance charges were actually £7550 and administrative expenses were £9590.Depreciation was charged in line with budget.
By how much did Piero's actual profit exceed budget profit in the 20X4 season?

Piero Makes His Living from Organizing Boat Trips Across a Lake