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
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
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 25AA
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