Question list

John Beck is the managing partner of a business that has just finished building a$($n$)80-$room motel. Beck anticipates that he will rent these rooms for $21,200$ nights

year $($or $21,200$ room$-$nights$).$ All rooms are similar and will rent for the same price. Beck estimates the following operating costs for next year:

$($Click the icon to view the operating costs.$)$

$($Click the icon to view the additional information.$)$

Required

Question $8$

What price should Beck charge for a room$-$night? What is the markup as a percentage of the full cost of a room$-$night?

Beck's market research indicates that if the price of a room$-$night determined in requirement $1$ is reduced by $5\%,$ the expected number of room$-$nights Beck coul

rent would increase by $5\%.$ Should Beck reduce prices by $5\%?$ Show your calculations.

Question $9$

Question $10$

IId Beck charge for a room$-$night? What is the markup as a percentage of the full cost of a room$-$night?

Operating costs