ascn Blodeau is the managing parther of a business that has just fnished bulding a 60 -room motel. Bilodesu anticipates that he wil rent these roomis for 17,500 nights next year (or 17,500 ocm-nights). Al rooms are similar and will rent for the same price. Bilodeou estimates the following operating costs for next year: (Click the icon to view the operating costs) (B) (Click the icon to view adoticnal information) Requirements 1. What price should Biodeau charpo for a room-night? What is the markup as a thge of the ful cost of a room-night? peroentage of the full cost of a toom-night? 2. Blodeau's market research indicates that it the price of a room-night determined in requirement 1 is reduced by 10%, the expected number Pnce per room-night of room-rights Bilodeau could ment would increase by 10%. Should Biodeau reduce prices by 10% ? Show your calculaSions. per room-night Data table More info The capital invested in the motel is $1,400,000. The parthership's target retum on investment is 20%. Bilodeau expects demand for rooms to be uniform throughout the year. He plans to price the rooms at fult cost plus a markup on full cost to eam the target retum on investment Requirement 1. What price should Bilodeau charge for a room-night? What is the marku } as a percentage of the full cost of a room-night? Begin by selecting the formula, then enter the amounts and solve for the room price per night