ABC Inn, a 150 room hotel with an average occupancy rate of 70% and ADR of $60 has two types of rooms: singles and doubles. The price difference between a single room and a double room is $15. Double occupancy rate is 35%. Find the rate for single rooms.

ABC Inn, a 150 room hotel with an average occupancy rate of 70% and ADR of $60 has two types of rooms: singles and doubles. The price difference between a single room and a double room is $15. Double occupancy rate is 35%. Find the rate for single rooms.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Factors Affecting Housing Decision

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ABC Inn, a 150 room hotel with an average occupancy rate of 70% and ADR of $60 has two types of rooms: singles and doubles. The price difference between a single room and a double

room is $15. Double occupancy rate is 35%. Find the rate for single rooms.

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