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3. A 50-room resort hotel has three sizes of rooms, as follows: 15 singles at 150 square feet each 17 doubles at 220 square feet
3. A 50-room resort hotel has three sizes of rooms, as follows: 15 singles at 150 square feet each 17 doubles at 220 square feet each 18 suites at 380 square feet each Occupancy is 80%. Demand for each type of room is about equal. The projected total sales revenue from rooms next year is $938,500.
Question: If average room rate were to be based solely on room size, what would the average room rate for each type of room be next year?
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