The 100 room hotel has three types of rooms with the rates and sales shown below. Determine the annual occupancy % required to generate an annual after-tax profit of $120,000. The fixed costs average $21,000 per month. The tax rate is 25%.

ADR Unit Sales %

Singles $45 50%

Double 55 30%

Triples 65 20%

The cost of preparing each room is $17 per occupied room.