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A hotel wishes to earn $130,000 profit in July 20X7. Fixed costs in the month are expected to be $410,000. The hotel expects to earn a contribution of $81 for each night a room in the hotel is occupied. The hotel has 450 bedrooms and each month is treated as having 30 days. What is the room occupancy rate required to ensure that the hotel achieves its target profit? A. 49.4% B. 25.6% C. 11.9% D. 494% |