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The Budget Motel, a rooms-only lodging operation, maintains an average selling price per room of $30 and incurs a variable cost per room sold of

The Budget Motel, a rooms-only lodging operation, maintains an average selling price per room of $30 and incurs a variable cost per room sold of $10. If the propertys fixed costs are $20,000 for the month, the breakeven point for the month would be:

200 rooms sold.
500 rooms sold.
667 rooms sold.
1,000 rooms sold.

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