What is the management fee as a percentage of total revenue for a 275-room hotel located in the northwest, if the property recorded an occupancy percentage of 67.3% and an average room rate of $110.86? the hotel had a room revenue to total revenue ratio of 65.1% and a GOP of 29.3% of total revenue.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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  1. What is the management fee as a percentage of total revenue for a 275-room hotel located in the northwest, if the property recorded an occupancy percentage of 67.3% and an average room rate of $110.86? the hotel had a room revenue to total revenue ratio of 65.1% and a GOP of 29.3% of total revenue. The management fee contract stipulated that the hotel management company would receive 1% of total revenue and 9% of GOP.
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