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You have been given the following information about a hotel for the next year. The hotel has 40 rooms and expected occupancy rate of 70%.
You have been given the following information about a hotel for the next year. The hotel has 40 rooms and expected occupancy rate of 70%. Rooms department, operating expenses, wages, supplies, laundry, and so on is 27% of room sales revenue. Calculate the hotel's average room rate for next year. If the hotel operated at 30% double occupancy and management wanted a $15 spread between the single and double room rates, what would these rates be
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