Question
Keon has searched around for oversized limos, and he thinks the best approach would be to buy a used one for $70,000. Keon believes he
Keon has searched around for oversized limos, and he thinks the best approach would be to buy a used one for $70,000. Keon believes he can generate revenues 33% higher than a regular limo. However, the cleaning, maintenance, and operating costs of the larger limo would be 25% higher than the smaller vehicles are currently incurring. Keon wants a detailed cost-volume-profit analysis on the oversized limo, as he believes there is more opportunity with pricing and business strategy here compared to the regular limos.
I need detailed analysis with numbers.
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