Rental income- a 200-room hotel in reno is filled to, Ask an Expert

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Rental income:-

A 200-room hotel in Reno is filled to capacity every night at a rate of $40 per room.

For each $1 increase in the nightly rate, 4 fewer rooms are rented. If each rented room costs $8 a day to service, how much should the management charge per room in order to maximize gross profit? What is the maximum gross profit?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92023763

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