You will be assessed on the quality of your written communication in this part of the question.
Free-world Travel charges each customer £130 for travel insurance.
Last month, Free-world Travel had 6000 customers.
Free-world Travel has previously noticed that 80% of its customers buy holiday insurance.
Of these customers, approximately 30% claim on their travel insurance.
Free-world Travel typically pays out between £400 and £500 for each claim.
Free-world Travel needs to estimate how much profit or loss they are likely to make from
travel insurance last month.
Calculate this estimate.
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