A motel by the sea has 40 units. During the month of June this year, average room rate will be $120. Management is expecting occupancy of 74%. In July, management plans to raise room rates by 10%, and occupancy is expected to grow to 82%. For August no further rate increase is planned, but expectation is for 94% occupancy.

: Calculate expected revenue for each of the summer months June, July and August

June July:

August