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Company F operates a car rental service. The company's fixed costs, including rental location expenses and administrative costs, amount to $80,000 per month. The variable
Company F operates a car rental service. The company's fixed costs, including rental location expenses and administrative costs, amount to $80,000 per month. The variable costs per rental, including vehicle maintenance and insurance, average $50 per rental. If the company aims to achieve a target profit of $20,000 per month and the rental price per day is $100, calculate the number of rentals it needs to make and the total revenue required to reach the target profit.
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