A 350-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 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? S

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A 350-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 350-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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