Question: o Average room selling price: $ 6 5 o Average variable cost per room: $ 1 7 o Annual total fixed costs: $ 4 5

o Average room selling price: $65
o Average variable cost per room: $17
o Annual total fixed costs: $450,000
o Sales goal (= Net Income) of the hotel this year: $5,000,000
o Number of rooms available per day: 400 rooms
o This hotel is open 365 days a year.
What is the occupancy percentage required to reach the sales goal? (Round to the second decimal place.)
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