Considering only comparable fare classifications, which classifications offer the greatest percentage difference between air travel and ship travel?
Travel Type
Sample Round-Trip Fares from New York to London
First-Class Air Fare
$754.30
First-Class Ship Fare
$775.20
Regular Economy Air Fare
$440.80
Tourist Class Ship Fare
$408.00
Peak Season Economy Air Fare
$526.30
Peak Season Tourist Class Ship Fare
$470.25
14-to 21-Day Excursion Air Fare
$331.00
30-Day Excursion Ship Fare
$345.95
Charter Group (25 Persons or More) Air Fare $331.00
Charter Group (25 Persons or More) Ship Fare $306.00
Given the information in the above table, how much less does a round-trip ticket from New York to London cost if you
go Regular Economy Air rather than First-Class Air?
Difference in cost is
What percentage savings is this?