for next year

$($Click the icon to view the operating costs.$)($i$)($Click the icon to view additional information.$)$

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The capital invested in the motel is $$1,100,000.$ The partnership's target return on investment is $25\%.$ Basset expects demand for rooms to be uniform throughout the year. He plans to price the rooms at full cost plus a markup on full cost to earn the target return on investment.

Requirement $1.$ What price should Basset charge for a room$-$night? What is the markup as a percentage of the full cost of a room$-$night?

Begin by selecting the formula, then enter the amounts and solve for the room price per night.

What is the markup as a percentage of the full cost of a room$-$night? $($Enter the markup as a percentage, $x\%.)$