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18 May 2014, 07:38
Kudos
Bookmarks
Dear all,
I have a question regarding 3rd IR question among 50 Qs available online. In the question it says that the at least half of the potential savings is equal to discount in registration fee. But in the solution it doesn't consider the amount of discount in registration fee when an attendee stays in block, so the total saving is equal to 2(X-Y), which I cant really get. Therefore I thought the answer would be 2(X-Y)/3 as explained below. I really appreciate if you could help me to understand my mistake here.
Many thanks,
My solution:
The total cost for an attendee stays in the block and gets a registration discount: 2X+(a-b); where X denotes the block rate per one night, a the registration fee, b the amount of discount
The total cost for an attendee doesn't stays in the block: 2Y+a; where Y denotes the lowest room rate available for one night, a is the registration fee (without any discount)
The total saving will be then (when an attendee doesn't stay in block) = 2X+(a-b) - (2Y+a) -> 2X-2Y-b
and the half of the total saving will be then X-Y-(b/2)
if the registration discount (b) is at least half of the saving -> b=X-Y-(b/2)
then b=2(X-Y)/3
I have a question regarding 3rd IR question among 50 Qs available online. In the question it says that the at least half of the potential savings is equal to discount in registration fee. But in the solution it doesn't consider the amount of discount in registration fee when an attendee stays in block, so the total saving is equal to 2(X-Y), which I cant really get. Therefore I thought the answer would be 2(X-Y)/3 as explained below. I really appreciate if you could help me to understand my mistake here.
Many thanks,
My solution:
The total cost for an attendee stays in the block and gets a registration discount: 2X+(a-b); where X denotes the block rate per one night, a the registration fee, b the amount of discount
The total cost for an attendee doesn't stays in the block: 2Y+a; where Y denotes the lowest room rate available for one night, a is the registration fee (without any discount)
The total saving will be then (when an attendee doesn't stay in block) = 2X+(a-b) - (2Y+a) -> 2X-2Y-b
and the half of the total saving will be then X-Y-(b/2)
if the registration discount (b) is at least half of the saving -> b=X-Y-(b/2)
then b=2(X-Y)/3
Archived Topic
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23 May 2014, 02:11
Kudos
Bookmarks
Hi Gunerb,
Can you please post the complete question? I would be happy to help.
Rgds,
Rajat
Can you please post the complete question? I would be happy to help.
Rgds,
Rajat
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Insights Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
Moderator:
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