IDNLearn.com: Where your questions meet expert answers and community support. Ask anything and receive comprehensive, well-informed responses from our dedicated team of experts.
You will be assessed on the quality of your written communication in this part of the
question.
Free-world Travel charges each customer £130 for travel insurance.
Last month, Free-world Travel had 6000 customers.
Free-world Travel has previously noticed that 80% of its customers buy holiday insurance.
Of these customers, approximately 30% claim on their travel insurance.
Free-world Travel typically pays out between £400 and £500 for each claim.
Free-world Travel needs to estimate how much profit or loss they are likely to make from
travel insurance last month.
Calculate this estimate.
You must show all your working.
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions find answers at IDNLearn.com. Thanks for visiting, and come back for more accurate and reliable solutions.
