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The management of 50-room Gordion Hotel, which has single and double rooms only, has acquired the...

The management of 50-room Gordion Hotel, which has single and double rooms only, has acquired the following internal financial data: - Occupancy of 65.00% - Projected after-tax average ADR of $54.00 - 25.00% of double room occupancy - A price difference of $15.00 more for double rooms than the singles Based on the financial information given, calculate the individual ADRs for single and double rooms for Gordion.

$50.36 for singles and $65.36 for doubles

$33.24 for singles and $49.12 for doubles

$54.10 for singles and $70.67 for doubles

$46.78 for singles and $58.31 for doubles

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Answer: 50.36 for singles and 65.36 for doubles

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