Question
A hotel had a gross room rate (GRR) of $170.00 with direct variable costs representing 30% of the GRR, fixed expenses totaling $43.00 and the
A hotel had a gross room rate (GRR) of $170.00 with direct variable costs representing 30% of the GRR, fixed expenses totaling $43.00 and the net profit for the room being $76.00. What would be the net profit increase (in terms of %) based on a GRR of $185.00?
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Modern Auditing
Authors: Graham W. Cosserat, Neil Rodda
3rd Edition
0470319739, 9780470319734
