Jason Beckett is the managing partner of a business that has just finished building a 60-room motel Beckett anticipates that he will rent these rooms for 12,500 nights next year (or 12,500 room-nights) Al rooms are similar and will rent for the same price. Beckett estimates the following operating costs for next year (Click the icon to view the operating costs) (Click the icon to view additional information) Read the requirements Requirement 1. What price should Beckett 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-right (Click the icon to view additional informa (Click the icon to view the operating costs.) Read the requirements Data Table - X sa More Info ht $ 4 per room-night s The capital invested in the motel is $1,100,000. The partnership's target return on investment is 25% Beckett expects demand for rooms to be uniform throughout the year. He plans to price the rooms at full cost plus a markup on full cost to earn the target return on investment Variable operating costs Fixed costs Salaries and wages Maintenance of building and pool Other operating and administration costs Totalfixed costs 182,000 33 000 235,000 $ 450.000 Print Done Print Done