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If Cape Cods Railway's fixed costs total $80,000 per month, the variable cost per passenger...

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Question

Accounting

If Cape Cods Railway's fixed costs total $80,000 per month, the variable cost per passenger is $80, and tickets sell for $100. How much revenue must the Railway generate to earn $110,000 in operating income per month?

A. $950,000

B. $9,500

C. $190,000

D. $237,500

Answer & Explanation Solved by verified expert
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