Question

The CITY HOTEL (fake name) in Miami, Florida has 115 guestrooms. On Saturday night during the past weekend, the hotel sold 90 of its rooms. What was the approximate occupancy rate on that Saturday night?

Answer 1

Answer: The occupancy rate is 0.783

Explanation:

If 115 guestrooms are the total number of guestrooms, this means that if they sold 115 of their rooms, the occupancy rate will be 100%.

Then we take 115 as 100%, and now we want to see which percentage represents the 90 sold rooms.

We can do it by the relation:

Rate = (90/115) = 0.783

This means that the occupancy rate on that Saturday night is 0.783, which means that 78.3% of the total number of rooms is taken.