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Q4 3 Points Eric is the manager of a newly built spa-hotel that has 60 identical rooms. The marketing department anticipates that these rooms
Q4 3 Points Eric is the manager of a newly built spa-hotel that has 60 identical rooms. The marketing department anticipates that these rooms will be rented for 20,000 nights next year. Additional information is provided below: Variable operating costs: $3 per room per night Fixed costs: Fixed operating costs: $170,000 Staff salary and wages: $50,000 Other operating costs: $120,000 Total fixed costs: $340,000 Q4.1 1 Point If the target contribution margin per room-night is $29, what price should Eric charge? What is the markup as a percentage of the full cost of a room-night? Show your work. Enter your answer here Please select file(s) Select file(s)
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