Question: A bed and breakfast breaks even every month if they book 29 rooms over the course of a month. Their fixed cost is $6,772

A bed and breakfast breaks even every month if they book 29

A bed and breakfast breaks even every month if they book 29 rooms over the course of a month. Their fixed cost is $6,772 per month and the revenue they receive from each booked room is $316. What is the variable cost per occupied room? Round your answer to two (2) decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!