and Vera Illen have st finished renovating a 50 room ski chalet and performance hall. Bing anticipates that he will rent rooms for 4,000 nights next year. All rooms are similar and will rent for the same price. Bing estimates the f Variable Fixed Costs 45.50 per room, per night Salaries and W $ 80,000.00 42,000.00 $397,000.00 Other Expenses Total Fixed Costs The capital invested in the ski chalet is $3,500,000. year. He plans to price the rooms at full cost plus a markup on full cost to earn the target return on inv The partnership's target return on investment is 15%, Bing expects demand for rooms to be uniform throughout the REQUIRED 1. What price should Brady charge for a room per night? What is the markup as a percentage of the full cost of a room per night? , Bing, market research indicates that if the price f a room per night determined in Requirement 1 is reduced b 10%, the expected number of rooms rented for a night next year would increase by 20%. Should Bin reduce prices by 10%? 2 Problem 3