Question

A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4%...

A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008?

Year 2009: Total revenue (round to a whole number) $___

Year 2009:Dept. costs (round to two decimal points) $___

Year 2009: Undistributed costs (round to a whole number) $___

Year 2009:GOP (round to two decimal points) $___

Year 2009: GOP% (round to one decimal point) ___%

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Answer #1
2008 2009
Total Revenue    7,537,000.00    7,974,146.00
Dept Cost    3,308,743.00    3,755,822.77
Gross Profit    4,228,257.00    4,218,323.23
UndisTotal Revenueibuted Cost    1,861,639.00    1,911,239.00
GOP    2,366,618.00    2,307,084.23
GOP% 0.314 0.28932054
Working
2008
Total Revenue = 7537000
Dept Costs = 7537000*43.90% = 3308743
Gross profit = Total revenue - dept cost
Gross profit = 7537000 - 3308743
Gross profit = 4228257
UOE = 7537000*24.7% = 1861639
GOP = Gross Profit - UOE
GOP =  4228257 - 1861639
GOP = 2366618
2009
Total Revenue = 7537000*1.058 = 7974146
Dept Cost = 7974146*(43.90%+3.2%) = 3755822.77
Gross Profit = Total Revenue - Dept Cost
Gross Profit = 7974146 - 3755822.77
Gross Profit = 4218323.23
UOE = 1861639 + 49600 = 1911239
GOP = Gross Profit - UOE
GOP =   4218323.23 - 1911239
GOP = 2307084.23
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