Explanation:
The total number of rooms in fantastic Florida motor lodge = 100
On Saturday evening, the number of rooms occupied = 90
Total cash receipts for the evening = $90000
The daily rate for the evening = ?
To calculate the average daily rate for that particular evening,
Average daily rate = [tex]\frac{90000}{90}[/tex] = $1000 per room
The motor lodges average daily rate for the particular evening = $1000 per room
