Word Problem: A hospital needs to figure the annual budget for an 11 bed facility based on 90% occupancy using a 4 day length of stay. 1st day = $625.00, 2nd day - $315.00, 3rd day = $315.00 and 4th day = $220.00. How much money can they expect to make for an entire year?

Answer 1

Each four days brings in $1,475.

90% of 365 = 328.5

328.5 / 4 = 82.125

82.125 * $1,475 = ?

Answer 2

Your final answer above should be multiplied by 11.