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Jason Barrett is the managing partner of a business that has just finished building a 60-room motel. Barrett anticipates that he will rent these
Jason Barrett is the managing partner of a business that has just finished building a 60-room motel. Barrett anticipates that he will rent these rooms for 12,000 nights next year (or 12,000 room-nights). All rooms are similar and will rent for the same price. Barrett estimates the following operating costs for next year: (Click the icon to view the operating costs.) Read the requirements. i (Click the icon to view additional information.) Requirement 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? Begin by selecting the formula, then enter the amounts and solve for the room price per night. + + = = Price per room-night per room-night
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