Q Events has been tracking various payment methods for tickets from their online booking portal. Their presence is completely online and accepts only three methods of payment: Credit Card; Paypal; and Apple Pay. Depending on the payment method used, Q Events automatically charges a commission fee based on the method and the ticket price. Customers using Paypal or Apple Pay are charged an additional fee of 1.5% of the ticket price, while if they use a Credit Card then the additional fee is 2% of the ticket price. The company wants you to analyse the patterns in payment method usage and determine if there has been an increase in revenue due to fee charges over the last three years.

Number of payment transaction at Q event

years 2019 2020 2021

Credit Card 1200 1500 1600

Apple Pay 1000. 1000 1200

PayPal 400 500 800

Average Price of a ticket at Q event

years 2019 2020 2021

Price$ $40 $50 $60

a)calculate the ratios between the total number of transactions of credit card and Apple pay combined, with Paypal transactions each financial year (Table 1).

b)Calculate the total average revenue Q Events produces each financial year from its ticket sales.