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A 300-room hotel in Las Vegas is filled to capacity every night at $80 a room....

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Question

Basic Math

A 300-room hotel in Las Vegas is filled to capacity every nightat $80 a room. For each $1 increase in rent, 3 fewer rooms arerented.

At what rate should the rooms be rented to produce the maximumrevenue and how many rooms are rented at that rate? What is themaximum revenue? Write your results in a sentence as what eachnumber means and represents. Please include all steps needed

Answer & Explanation Solved by verified expert
3.9 Ratings (548 Votes)
To find maximum revenue we have to find revenue in terms ofsingle variable and then    See Answer
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