Jason Branch is the managing partner of a business that has just finished building a 60-room motel. Branch anticipates that he will rent these rooms for 20,000 nights next year (or 20,000 room-nights). All rooms are similar and will rent for the same price. Branch estimates the following operating costs for next year: (Click the icon to view the operating costs.) Read the requirements. (Click the icon to view additional information.) Requirement 1. What price should Branch 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. Variable cost per room-night 3 $ Target contribution margin per room-night 29 Price per room-night $ 32 per room-night What is the markup as a percentage of the full cost of a room-night? (Enter the markup as a percentage, X%.) Full-cost per room 17 Markup per room Markup as a % of full cost = % markup