Jason Bcown is the managing partner of a business that has just finished bulding a 60 -rocm motel. Brown antopabos that he will rent these rooms for 20,000 nights next year (or 20,000 room-nights). All rooms are similar and will rent sor the same price. Brown estimules the following operating costs for next year (Click the icon to view the operating costs.) (Click the icon to view additional inloemation) Read the tequirements Requirements 1. What price should Brown charge for a room-night? What is the markup as a percentage of the full cost of a room-night? 2. Brown'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 Brown could rent would increase by 20%. Should Brown reduce prices by 15% ? Show your calculations. Data table Jason Bcown is the managing partner of a business that has just finished bulding a 60 -rocm motel. Brown antopabos that he will rent these rooms for 20,000 nights next year (or 20,000 room-nights). All rooms are similar and will rent sor the same price. Brown estimules the following operating costs for next year (Click the icon to view the operating costs.) (Click the icon to view additional inloemation) Read the tequirements Requirements 1. What price should Brown charge for a room-night? What is the markup as a percentage of the full cost of a room-night? 2. Brown'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 Brown could rent would increase by 20%. Should Brown reduce prices by 15% ? Show your calculations. Data table