Question
A hotel normally charges $130 per night for a room. At this price, they can usually get 50 rooms reserved. For every $10 they
A hotel normally charges $130 per night for a room. At this price, they can usually get 50 rooms reserved. For every $10 they increase the price, they lose 2 rooms. If you let "n" be the number of price increases, set up the REVENUE formula that would be needed to maximize their revenue. Use the editor to format your answer Question 2 10 Points Calculate the number of times to raise the price to Maximize the Revenue. Show all work. Use the editor to format your answer Question 3 3 Points What price should they charge to Maximize the Revenue?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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