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Mary wants to buy an apartment to start an Airbnb business. She wants to pay her mortgage of $ 2 , 0 0 0 a
Mary wants to buy an apartment to start an Airbnb business. She wants to pay her mortgage of $ a month from the income. She figured that she could rent the apartment for days a month for $ per day, and her variable costs are estimated to be $ per rental. How many days does she need to rent the apartment out in a month to make some profit? How much profit can she expect in a month? How can she increase her profit margin? Does it sound like a feasible plan? Justify your answers using CM CVP & BEP analysis for this problem to come up with a piece of good advicesuggestions for Mary.
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