The Bellisimo Hotel has 20 rooms that are 125 square meters and 40 rooms that are 100 square meters. Both types of room run at a 70% occupancy level. The rooms manager is seeking a revenue of $1,474,200 for the 360 days that the hotel will be open next year. Based on room size, at what rate should the larger rooms be priced?

Question

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First, calculate the total number of room-nights sold for each type of room:- For the 125 sqm rooms: 20 rooms * 360 days * 70% occupancy = 5,040 room-nights.- For the 100 sqm rooms: 40 rooms * 360 days * 70% occupancy = 10,080 room-nights.The total revenue needed is $1,474,200. Let's denote the price of the larger rooms as P and the price of the smaller rooms as Q. The total revenue equation is:$$5,040P + 10,080Q = 1,474,200.$$Without the price for the smaller rooms (Q), we can't directly solve this equation for P. However, since we're only asked for the price of the larger rooms and not given any information about the pricing of the smaller rooms, it seems there might be a misunderstanding in how the problem is approached or a missing piece of information necessary to directly calculate P.Given the options and the information provided, a direct calculation isn't possible without making assumptions about the price of the smaller rooms or having additional information. However, since we're expected to choose an answer, let's consider a different approach that might have been intended in the question's setup.If we mistakenly assumed the total revenue goal was only to be met by the larger rooms (which is not stated but let's proceed with this to provide a logical answer based on the options given), the calculation would be:$$5,040P = 1,474,200.$$Solving for P gives:$$P = \frac{1,474,200}{5,040} = 292.5.$$This result doesn't match any of the provided options, indicating a misunderstanding in the approach based on the information given. Given the constraints and aiming to provide a logical answer, we must acknowledge that without the price of the smaller rooms or a clearer way to divide the total revenue goal between the two room types based on their sizes or another metric, determining the exact price for the larger rooms directly from the provided information is not feasible. Therefore, the correct approach involves recognizing a missing piece of information or an error in the problem setup as presented.

The Bellisimo Hotel Has 20 Rooms That Are 125 Square