**Problem Scenario: Bed-and-Breakfast Break-Even Analysis**A newly opened bed-and-breakfast projects the following:- **Monthly fixed costs:** $10,000- **Variable cost per occupied room per night:** $60- **Revenue per occupied room per night:** $165**Question:** How many rooms would have to be occupied per month in order to break even?---**Solution Explanation:**To find the break-even point, use the break-even formula:\[ \text{Break-even point (in rooms)} = \frac{\text{Fixed Costs}}{\text{Revenue per Room} - \text{Variable Cost per Room}} \]\[ \text{Break-even point (in rooms)} = \frac{10,000}{165 - 60} \]\[ \text{Break-even point (in rooms)} = \frac{10,000}{105} \]\[ \text{Break-even point (in rooms)} \approx 95.24 \]Thus, approximately **96 rooms** need to be occupied per month to break even, as you must round up to the nearest whole number since you can't occupy a fraction of a room.

Given problem Given that A newly opened bed-and-breakfast projects the following : Monthly…

Answered: A newly opened bed-and-breakfast…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A newly opened bed-and-breakfast projects the following: Monthly fixed costs Variable cost per occupied room per night $60 Revenue per occupied room per night $10000 $165 How many rooms would have to be occupied per month in order to break even?