A small hotel has given you the following annual information: Rooms revenue $897,500 Food Revenue $358,300 beverage revenue $159,870 Cost of Food sales $135,200 paid rooms occupied 17,950 Rooms available (daily) 27,375 (75 x 365) Food Covers 37,716 What is the average room rate? A. B. C. D. 60% 55% 50% 75%