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A travel agency company enters into a contract with a hotel to sell rooms to customers. The travel agency charges a 20% commission fee.
A travel agency company enters into a contract with a hotel to sell rooms to customers. The travel agency charges a 20% commission fee. The hotel sets the price of one overnight stay at $200. A customer purchases one overnight stay through the travel agency for on January 1 to be used immediately. The travel agency collects the full amount from the customer and electronically forwards this amount, less commission fee, to the hotel on January 5. How much revenue does the hotel record for this transaction? $160 $200 $180 $240 $40 0/1 pts RETRY CONTINUE
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