In the OG Online IR question bank a Multi-source reasoning question about hotel states, hotel recieves reimbursement from conference organize for 25% of the block rate per night for each unoccupied roon the conference block.
Then it gives you information on the block rate and lowest rate in the host hotel for several hotel. The question says to select yes if the hotel would lose revenue if a room is vacant.
The answer states that the hotel loses money if the ratio of the lowest rate to the block rate is less than 0.75
When I read this problem I reasoned that the hotel would lose money if the ratio is less than 0.25. I don't understand what I'm missing. Any clarification is appreciated, thanks!
Then it gives you information on the block rate and lowest rate in the host hotel for several hotel. The question says to select yes if the hotel would lose revenue if a room is vacant.
The answer states that the hotel loses money if the ratio of the lowest rate to the block rate is less than 0.75
When I read this problem I reasoned that the hotel would lose money if the ratio is less than 0.25. I don't understand what I'm missing. Any clarification is appreciated, thanks!
