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 sources

Q10. Answer next question based on the following

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 200,000 from last year) Assume that a 100-room hotel operates at 80% occupancy this year. What should the hotel's average room rate for this year

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