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#1 Re: Help Me ! » Formula for Discount Scheme » 2007-06-26 14:10:33
Hi guys!
Thanks for the response. Jane, thanks for your formula... need to ask you though... since I am not good in Math, I've been trying to solve the equations or formulas you gave me but i can't seem to understand what e is or P... i can't derive the same thing you got when i plug in the nos.. 
last time i checked, i didn't work in the airline industry.. but who knows... if it's viable, why not 
#2 Help Me ! » Formula for Discount Scheme » 2007-06-26 00:48:38
- tripleb
- Replies: 4
Hi,
I would like to know if any of you could help me. I was wondering if there is a certain formula that can be applied to a business similar to the airline industry's discount airfares. I was wondering how it would be possible to come up with a certain formula wherein you could just plug in the prices and discounts but are able to come up with profit but still be competitive in price. For example, is there such a formula for those types of schemes wherein the earlier you book and buy your tickets, the cheaper your airfare rate would be.. and thus, the closer to the flying date you purchase, the more expensive your ticket will be. Is it possible to come up with such a formula or is there an existing one? I am not that great in math so i hope you could help me with this. Thanks! Any input would be well appreciated.
Looking forward to your response.:)
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