(Optimum Selling Price) The marketing department of Giggo Hotels has estimated the number of hotel rooms (it has a capacity of 200) that could be sold at different price levels. This information is shown below:

Number of Rooms Sold	Price per Room per Night
120	$ 90
100	105
80	135
60	155
50	175

Giggo has estimated its variable costs at $25 per room per night. It also incurs costs of $10 per room per night for utilities, depreciation, and security, regardless of the occupancy rate.

1. Calculate the occupancy rate that Giggo needs in order to maximize its profits.
2. What occupancy rate does Giggo need to break even if its price was set at $125 and fixed costs were $15,000?