Question: Q10. Answer next question based on the following information: Return on investment 1,000,000 Operating costs 600,000 Taxes (Tax rate is 24%) Depreciation 400,000 Income from

Q10. Answer next question based on the following information:

Return on investment

1,000,000

Operating costs

600,000

Taxes (Tax rate is 24%)

Depreciation

400,000

Income from sources other than rooms (income from last year)

200,000

Assume that a 100-room hotel operates at 80% occupancy this year. What should the hotels average room rate for this year?

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