A lakeside resort offers a midweek package at $229 per night for two people. The package includes accommodation in a one-bedroom suite, which regularly sells for $306; and breakfast for two. Breakfast is regularly priced at $21 per person. (a) What is the overall dollar value of the markdown at which the packages were sold? (Do not include the $ sign in your answer.) (b) What is the overall rate of markdown at which the packages were sold? (Correct to 2 decimal places, do not include the % sign in your answer.)

A lakeside resort offers a midweek package at $229 per night for two people. The package includes accommodation in a one-bedroom suite, which regularly sells for $306; and breakfast for two. Breakfast is regularly priced at $21 per person. (a) What is the overall dollar value of the markdown at which the packages were sold? (Do not include the $ sign in your answer.) (b) What is the overall rate of markdown at which the packages were sold? (Correct to 2 decimal places, do not include the % sign in your answer.)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter6: Statistical Inference

Section: Chapter Questions

Problem 23P: The manager of the Danvers-Hilton Resort Hotel stated that the mean guest bill for a weekend is 600...

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