Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September is $240,000. Calculate: 1. Occupancy rate for September 2. Average room revenue for occupied room per day 3. Average number of rooms occupied per day 4. Average room revenue for total number of rooms per day

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
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Problem 1 (THINK)
A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September
is $240,000.
Calculate:
1. Occupancy rate for September
2. Average room revenue for occupied room per day
3. Average number of rooms occupied per day
4. Average room revenue for total number of rooms per day
Transcribed Image Text:Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September is $240,000. Calculate: 1. Occupancy rate for September 2. Average room revenue for occupied room per day 3. Average number of rooms occupied per day 4. Average room revenue for total number of rooms per day
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