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The following table gives the number of rooms in different hotels in Mumbai and the cost of building each one of them. Note that all the projects started in 1997
Β Note: All projects start in 1997.
The cost per room equals (total cost)/(total rooms)
To calculate the least cost per room, we have to only check IHCL and Lokhandwala Group. A simple inspection will remove all other companies as they have more cost and lesser rooms than either of the two.
Cost per room of IHCL = 275/600 = 45.83 lakhs
Cost per room of Lokhandwala = 225/536 = 41.97 lakhs.
Hence, the cost per room is least for Lokhandwala Group.
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