Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September is $240,000. Calculate: 1. Occupancy rate for September 2. Average room revenue for occupied room per day 3. Average number of rooms occupied per day 4. Average room revenue for total number of rooms per day
Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September is $240,000. Calculate: 1. Occupancy rate for September 2. Average room revenue for occupied room per day 3. Average number of rooms occupied per day 4. Average room revenue for total number of rooms per day
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 1.3P
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Transcribed Image Text:Problem 1 (THINK)
A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the month of September
is $240,000.
Calculate:
1. Occupancy rate for September
2. Average room revenue for occupied room per day
3. Average number of rooms occupied per day
4. Average room revenue for total number of rooms per day
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