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 Beck charge for a room-night? What is the markup as a percentage of the full cost of a room-night? \begin{tabular}{|c|c|c|} \hline Variable operating costs & \multicolumn{2}{|c|}{\begin{tabular}{r} $4 per room- \\ night \end{tabular}} \\ \hline \multicolumn{3}{|l|}{ Fixed costs } \\ \hline Salaries and wages & s & 190,000 \\ \hline Maintenance of building and pool & & 30,000 \\ \hline Other operating and administration costs & & 140,000 \\ \hline Total fixed costs & \$ & 360,000 \\ \hline \end{tabular} Requirements 1. What price should Beck charge for a room-night? What is the markup as a percentage of the full cost of a room-night? 2. Beck'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 Beck could rent would increase by 20%. Should Beck reduce prices by 15% ? Show your calculations. More info The capital invested in the motel is $1,100,000. The partnership's target return on investment is 20%. Beck 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