A 310-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows that al rooms are typically occupied when the daily room rate is $94. Market research indicates that for every increase of dollars in the daily room rate, there will be a rooms vacant. Each occupied room costs $22 per day to service and maintain. What should the hotel charge per day in order to maximize profit? $

Elementary Geometry For College Students, 7e
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ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
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A 310-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows that all
rooms are typically occupied when the daily room rate is $94. Market research indicates that for every
increase of dollars in the daily room rate, there will be a rooms vacant. Each occupied room costs $22
per day to service and maintain. What should the hotel charge per day in order to maximize profit?
$
Transcribed Image Text:A 310-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows that all rooms are typically occupied when the daily room rate is $94. Market research indicates that for every increase of dollars in the daily room rate, there will be a rooms vacant. Each occupied room costs $22 per day to service and maintain. What should the hotel charge per day in order to maximize profit? $
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