BADM 557-AO1: Adv Cost Acct For Mba Students Habetamu Tesso Homework- Chapter 14 Pricing Decisions Question list Question 1 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 5%, the expected number of room-nights Barrett could rent would increase by 5%. Should Barrett reduce prices by 5% ? Show your calculations: BADM 557-AO1: Adv Cost Acct For Mba Students Habetamu Tesso Homework- Chapter 14 Pricing Decisions Question list Question 1 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 5%, the expected number of room-nights Barrett could rent would increase by 5%. Should Barrett reduce prices by 5% ? Show your calculations