Travel Agency Income 5Aaef3
1. **State the problem:** Calculate the total gross income in PHP for the Travel Agency from a 4-day/3-night Singapore package for a family of four.
2. **Given data:**
- Airfare cost: 100,000 PHP
- Agency charge on airfare: 12%
- Hotel accommodation cost: 360 USD
- Agency charge on hotel: 18%
- City tour/entrance cost: 8,000 PHP
- Agency markup on city tour: 25%
- Passport assistance fee: 2,500 PHP (service fee per child)
- Number of children: 2
- Exchange rate: 1 USD = 56 PHP
3. **Calculate hotel accommodation cost in PHP:**
$$\text{Hotel cost in PHP} = 360 \times 56 = 20160$$
4. **Calculate agency charges:**
- Airfare agency charge:
$$100000 \times 0.12 = 12000$$
- Hotel agency charge:
$$20160 \times 0.18 = 3628.8$$
- City tour markup:
$$8000 \times 0.25 = 2000$$
5. **Calculate passport assistance total fee:**
$$2500 \times 2 = 5000$$
6. **Calculate total gross income:**
Sum all costs plus agency charges and fees:
$$100000 + 12000 + 20160 + 3628.8 + 8000 + 2000 + 5000 = 151788.8$$
7. **Final answer:**
The total gross income earned by the Travel Agency is **151788.8 PHP**.