ane simily and wit rent for the same price Asirett estmetes the following operating costs for next year (Cack the con to vew the operating costs) (i) (Click the con to vew sdobonel informatisa) Read the requrereats Requirement 1. What proe should Barret churpe for a room-nighr? What is the madkup as a percentage of the tul cost of a rocm.inight? Eagn by selachng the formula, then enter the arnounts and solve for the rocm phoe per noght. Data table Requirements 1. What price should Barrett charge for a room-night? What is the markup as a percentage of the full cost of a room-night? 2. Barrett's market research indicates that if the price of a room-night determined in requirement 1 is reduced by 15%, the expected number of room-nights Barrett could rent would increase by 20%. Should Barrett reduce prices by 15% ? Show your calculations