Answer:
Based on the given table, a round-trip first-class ticket by ship from New York to London costs $775.20, while a first-class ticket by air costs $754.30. To calculate the percentage savings of taking first-class by air instead of by ship, we need to find the difference in prices and express it as a percentage of the ship fare.
Let's calculate the percentage savings step by step:
1. Find the difference in prices between ship and air fares:
Price difference = Ship fare - Air fare
Price difference = $775.20 - $754.30
Price difference = $20.90
2. Calculate the percentage savings:
Percentage savings = (Price difference / Ship fare) * 100
Percentage savings = ($20.90 / $775.20) * 100
Percentage savings ≈ 2.7%
Therefore, the percentage savings (to the nearest tenth) for taking first-class by air instead of by ship is approximately 2.7%.
Explanation: