Business-Finance

A group of 30 British tourists, who want to visit Dubai, have approached you to prepare a travel package for them.

​

​You are the finance head of a successful international tour and travel company.

So let's get going!

Before you share the package details and per-person cost for the trip, you must prepare a budget for the expenses.​

Multiple Choice

All of them are currently in Delhi and will come back here after the trip. If the airfare for a one-way trip from Delhi to Dubai is AED1000 per person, what would be the total cost of traveling to and from Dubai?

• AED 30,000

• AED 50,000

• AED 60,000

• AED1,00,000

Calculations:

• One-way airfare from Delhi to Dubai per person = AED1000

• Cost of traveling to and from Dubai per person= 2* AED1000 = AED2000

• Cost of traveling to and from Dubai for 30 people= AED2000 *30= AED60,000

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​AED60,000

Multiple Choice

The trip is for 5 days and 4 nights. The cost of accommodation for one night in a luxury hotel in Dubai is AED500 for two people. How much would be the total accommodation cost for the trip?

• AED30,000

• AED60,000

• AED1,00,000

• AED1,50,000

Calculations:

• Cost of accommodation for one night for 2 persons = AED500

• Cost of accommodation for 4 nights for 2 persons = AED500*4 = AED2000

• Cost of accommodation for 4 nights for 30 people= (30/2)*AED2000= AED30,000

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​

​AED30,000

Multiple Choice

The trip is for 5 days and the cost of meals per person per day is AED1000, what would be the total cost of meals for 30 people?

• AED30,000

• AED50,000

• AED1,00,000

• AED1,50,000

Calculations:

• ​Per person cost of meals per day = AED1000

• Per person cost of meals for 5 days= ​AED1000*5= AED5000

• Cost of meals for 30 people=AED5000*30= ​AED1,50,000

AED1,50,000​

Multiple Choice

Transportation costs for traveling within Dubai for the trip duartion costs about AED1000 for 3 persons. What would be the total transportation cost for 30 people?

• AED10,000

• AED30,000

• AED90,000

• AED1,00,000

Calculations:

• ​Cost of transportation for 3 persons = AED1000

• Cost of transportation for 30 people=(30/3)*AED1000= ​AED10,000

AED10,000​

Multiple Choice

As a tour planner, it's important to keep some amount as a buffer to be used in case of any emergency. You have decided to keep 20% of the total expenditure, i.e., AED2,50,000 as the buffer. What would be your total trip expenditure inclusive of the buffer?

• AED2,70,000

• AED3,00,000

• AED3,50,000

• AED5,00,000

Calculation:

• ​The total cost of a trip without buffer= AED2,50,000

• Buffer amount= (20/100)* AED2,50,000​= AED50,000

• The total cost of the trip with buffer​= AED2,50,000+AED50,000= AED3,00,000

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AED3,00,000

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Multiple Choice

You want to make a profit of 50% on the total expenditure of the trip, i.e. 50% of AED 3,00,000. What would be the total package price inclusive of your profit?

• AED3,50,000

• AED4,00,000

• AED4,50,000

• AED5,0,000

Calculations:

• Profit = 50% of AED3,00,000= (50/100)*AED3,00,000= AED1,50,000

• Total expenditure inclusive of profit= AED3,00,000+AED1,50,000= AED4,50,000

AED4,50,000

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Multiple Choice

Finally, the package is ready.

How much would you charge each tourist for the trip?

• AED10,000

• AED15,000

• AED30,000

• AED50,000

Calculations:

• ​Total budgeted expenditure= AED4,50,000

• Total no. of tourists= 30​

• Per person cost of the trip=AED4,50,000/30=​ AED15,000

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AED15,000

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Multiple Choice

Uh-oh, you forgot to include the cost of sightseeing, i.e., AED50,000. You have already shared the package with the tourists and will have to pay for this from your profit. How much profit would you make now?

(click on the image to zoom in)

• AED50,000

• AED1,00,000

• AED1,50,000

• AED2,00,000

Calculations:

• ​Cost of sightseeing = AED50,000

• Profits made earlier= AED1,50,000

• ​Profits after paying for the sightseeing= AED1,50,000-AED50,000= AED1,00,000

AED1,00,000

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Let's go to Dubai!​

​Congratulations!

Tourists have accepted your package.​

Poll

Would you like to prepare more budgets and be a finance professional?

• YES

• MAYBE

• NO

Poll

On a scale of 1-5 (1 being the lowest and 5 highest), how much would you rate this challenge on fun and learning?

• 1

• 2

• 3

• 4

• 5

Open Ended

What changes would you suggest for this challenge?