Answer:
$3,996.00
Explanation:
The current bid represents 100%. the total for this bid is below
=$111 x 40 rooms
=$4,440.00
The new bid should be 10% less than the original bid. in other words, the new bid is 90% of the original bid
=90% of $4,440.00
=90/100 x $4,440.00
=0.9 x $4,440
=$3,996.00