Question: A lakeside resort offered a midweek package at $191 per night for two people. The package included accommodation in a one-bedroom suite, which regularly sold

 A lakeside resort offered a midweek package at $191 per night

A lakeside resort offered a midweek package at $191 per night for two people. The package included accommodation in a one-bedroom suite, which regularly sold for $341, breakfast for two, regularly priced at $15 per person, and a 20% discount on spa services, a value of $50 per person. (a) What was the overall markdown at which the packages were sold? (b) What was the overall rate of markdown at which the packages were sold? (a) The overall markdown was $. (Type an integer or a decimal.) (b) The overall rate of markdown was %. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!