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Jordan Camps, Inc. leases the land on which it builds camp sites. Jordan is considering opening a new site on land that requires $4,800 of
Jordan Camps, Inc. leases the land on which it builds camp sites. Jordan is considering opening a new site on land that requires $4,800 of rental payment per month. The variable cost of providing service is expected to be $4 per camper. The following chart shows the number of campers Jordan expects for the first year of operation of the new site: Jan 370 Feb 370 Mar 380 Apr 400 May 700 June July Aug. 640780790 Sept. 480 Oct. 510 Nov. 530 Dec. 450 Required Assuming that Jordan wants to earn $9 per camper, determine the price it should charge for a camp site in February and August. (Do not round intermediate calculations.) Answer is complete but not entirely correct. February August Price $ 26 19
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