The owner of a 20-room motel,which is 70% occupied,decides to charge $8 more than the single occupancy rate if two or more people occupy the room.This situation occurs in 75% of the occupied rooms,on the average.What should the two rates be so that the owner receives $160,000 in annual income to cover expenses and yield a reasonable profit? (Assume that a year has 365 days and give your answer to the nearest dollar.)

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The Answer of The owner of a 20-room motel,which is 70% occupied,decides to charge $8 more than the single occupancy rate if two or more people occupy the room.This situation occurs in 75% of the occupied rooms,on the average.What should the two rates be so that the owner receives $160,000 in annual income to cover expenses and yield a reasonable profit? (Assume that a year has 365 days and give your answer to the nearest dollar.)

The Owner of a 20-Room Motel,which Is 70% Occupied,decides to Charge