Problem $3$

$3\mathrm{.}1$ A $190-$room hotel's fixed cost is $$1,000,000$ per year. Its variable cost is $40\%$ of revenue.

Due to renovation, this hotel only opened $300$ days last year.

If $70\%$ of the revenue is from the rooms division, what is the breakeven Revenue per Available Room $($RevPAR$)?$

Correct $(1$ point$)$

Correct Answer: $$20\mathrm{.}47.$ Your a

You have used $1$ of $3$ attempts

Submitted Jun $21,12$:$20$ PM

$3\mathrm{.}2$ Last year, the hotel's ADR is $$60.$ Given the same conditions in part $1,$ what is the breakeven occupancy rate $($use

percentage, such as $60\%$ instead of $0\mathrm{.}6)$ last year?

Occupancy $($use percentage, $60\%$ instead of $0\mathrm{.}6)$: already tried $34\mathrm{.}12$ and it was incorrect