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Hi John Moffat! I would like to ask that in the question, $50 for each full valet and $30 for each mini valet = actual price, right? If yes, how do I know it is actual price? Thank you.
Yes – they are the actual prices.
We know this because the question says “Valet Co charges customers $50 for each full valet and $30 for each mini valet and this price never changes”.
Also, we are told the actual number of valets and the actual total revenue does check with them having stayed at $50 and $30 (although there is no need to do the check).
Finally however, do appreciate that for the variances required it is irrelevant anyway, because they are calculated based on the standard contributions.
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