Travel Agency Income 568813
1. **State the problem:** Calculate the total gross income the Travel Agency earned from a Singapore family transaction using the given costs and income mechanisms.
2. **Given data:**
- Airfare net cost: PHP 100,000
- Hotel accommodation net cost: USD 360
- City tour net cost: PHP 8,000
- Passport assistance fee: PHP 2,500 per child (assume 1 child since not specified)
- Exchange rate: USD 1 = PHP 56.00
3. **Formulas and rules:**
- Cost-Plus professional fee: Income = Net Cost \times Fee Percentage
- Rate-Minus commission: Income = Net Cost \times Commission Percentage
- Markup: Income = Net Cost \times Markup Percentage
- Service fee: Fixed amount per child
4. **Calculate each component's income:**
**Airfare income:**
$$\text{Income} = 100,000 \times 0.12 = 12,000$$ PHP
**Hotel accommodation income:**
Convert USD to PHP:
$$360 \times 56 = 20,160$$ PHP
Commission income:
$$20,160 \times 0.18 = 3,628.80$$ PHP
**City tour income:**
Markup income:
$$8,000 \times 0.25 = 2,000$$ PHP
**Passport assistance income:**
Assuming 1 child:
$$2,500 \times 1 = 2,500$$ PHP
5. **Total gross income:**
$$12,000 + 3,628.80 + 2,000 + 2,500 = 20,128.80$$ PHP
6. **Check answer choices:**
Closest to PHP 20,128.80 is not listed exactly, but the closest is PHP 20,458.80 (option 1), which might consider rounding or additional child fees.
**Final answer:** PHP 20,128.80 (calculated total gross income)