Answer:
Step-by-step explanation:
Without price increase,
Cost/night = $119
Average occupancy = 372
The revenue will be 119*372 = $44,268
For every $15 price increase, the occupancy decreases by 25.
Therefore with x price increases,
Cost/night = $119 + 15x
Occupancy = 372 - 25x
The revenue will be $(119 + 15x)*(372 - 25x)
Answer:
The nightly cost with x $15 price increases is $119 + 15x.
This was the exact answer on plato
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