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 r = 0.783

Explanation:

You can calcuate the occupancy rate by dividing the number of rented rooms by the total number of rooms.

For example, if the number of total rooms is 115, and you rented N rooms, you will have:

r = N/115

Where N can be any whole number between 0 and 115

Now, in this case we have that the number of rented rooms is 90, so we have that:

r = 90/115 = 0.783

If you want it as an percentage, you can multiply it by 100%.

0.783*100 = 78.3%

Answer 2

The approximate occupancy rate on that Saturday night was of 78.26%.

Explanation:

The occupancy rate is the number of occupied rooms divided by the total number of rooms.

In this problem:

115 rooms

90 of them sold, so occupied

90/115 = 0.7826

The approximate occupancy rate on that Saturday night was of 78.26%.