TravelLite and FareLine compete as online travel agencies. Historically, TravelL

Question

TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights whereas FareLine has focused on hotel bookings. The following amounts were reported by the two companies in 2012.

Calculate each company’s net profit margin expressed as a percent. (Round your answers to the nearest whole percent.)

TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights whereas FareLine has focused on hotel bookings. The following amounts were reported by the two companies in 2012.

Explanation / Answer

Net Profit Margin: Net Income/Sales revenue Travel Lite Fare Line Net Income 730 2320 Sales Revenue 5380 6610 Net Profit Margin: 730/5380; 2320/6610 14% 35%

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