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Traverse City Hotel has 300 rooms and a variable cost per room of $150. The total fixed cost for the hotel is $14,000. If the

Traverse City Hotel has 300 rooms and a variable cost per room of $150. The total fixed cost for the hotel is $14,000. If the average room rate is $ 220, what should the hotels occupancy rate be to break even?

If the hotels room rate drops to $180 and variable cost changes to $110, what should hotel's new occupancy rate be to break even?

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