Question: The No-Tell Motel is looking at making some changes to their pricing policy. They have the following information available: Current Situation Possible Changes Guests

The No-Tell Motel is looking at making some changes to their pricing policy. They have the following information available: Current Situation Possible Changes Guests Who Stay 1 Night 700 750 Guests Who Stay 2 Nights 800 790 Guess Who Stay 3 Nights 100 125 Rooms in Motel 100 100 Nights Per Month Selling Price Per Night 31 $75.00 31 $60.00 Required Current With Changes What are the total number of rooms available to rent for the month? What is the total number of rooms rented? What is the occupancy percentage? What is the total estimated revenue? Based on total estimated revenue, should management lower the price? Support your answer

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