The company plans to introduce a direct flight between A and J. The market research results indicate that all its existing passengers travelling between A and J will use this direct flight if it is priced 5% below the minimum price that they pay at present. What should the company charge approximately, in rupees, for this direct flight?
Explanation:
The current market price paid by the customers is Rs. 2275 (A-H-J).
Therefore, the company should charge (2275 × 0.95) = Rs. 2161.25
Hence, option (b).
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