Homework Answers
Answer:-
1.) Average Revenue per guest = Total Revenue/Total no. of guests = 96000/12000 = $ 8
Average Revenue per guest is $ 8.
2.) Average Revenue per seat for the month = Total Revenue/Total seats = 96000/50 = 1920
Average Revenue per seat per day = Average Revenue per seat/No. of days = 1920/30 = $ 64
Average Revenue per seat per day is $ 64.
3.) Number of times seat occupied per month = No. of guests/No. of seats = 12000/50 = 240
Number of times seat occupied per day = Number of times seat occupied per month/No. of days
= 8 times
Hence a seat is occupied for 8 times per day.
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