How are the rates for designated triples, Terrace suites, and lounge rebates determined?
Designated triples are figured this way: Multiply the cost of a double room for the year by .15. Round that number up, and divide by 2. Subtract that number from the cost of a double room for 1 semester. That number is the designated triple rate. Terrace Suite rates are figured this way: Multiply last year’s rate by the same % increase as the double rooms for this year. The result should be added to last year’s rate for the new figure. Lounge rebates are figured this way: Multiply the semester cost of a double room by 2 to represent the revenue generated by 2 people in the room. Next, multiply the new figure x .20, and add the resulting amount, rounded off, to the first number (cost of 2 students in the room). Divide the new number by 3, and subtract this amount from the normal semester cost for a double. The resulting amount is the rebate.
