Q7.Your organisation has agreed to pay a retail travel agency 8% commission on the value of sales of your tours. In March, the travel agency sold $44,500 worth of tours.

What is the commission your organisation will pay?

Q8.Your organisation must mark-up net fares received by a consolidator. The manager tells you that your organisation must make 14% on each net fare to reach profit goals.

You want to quote on a net fare listed as $905.

1. How much is the mark-up (to the nearest full dollar)?
2. What price should you quote to ensure you set a profitable selling price?