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The rack rate for the average room at the Justin & Hoe's Just In Time Hotel is $ 8 0 . ?The marginal cost per

The rack rate for the average room at the Justin & Hoe's Just In Time Hotel is $80. ?The marginal cost per room is $15 ?and the paid occupancy percentage is 80%. ?Assume there are 100 ?guestrooms. Assume rooms are sold at the rack rate.Required:1. ?What is the daily room revenue?2. ?What is the daily room contribution margin?3. ?What is the equivalent room occupancy if the room rate is discounted 10 ?percent?

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