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Three years ago, GBB was able to charge $145 per night for its rooms, but due to increased competition from Airbnb and several newer or renovated B&Bs, it can now only obtain bookings at $95 per night. Based on the current price and bookings, Audrey is concerned about GBB's profitability. She asks you to determine the number of B&B bookings required to break even, and the number of bookings needed to achieve a $1,000 profit per month, based on $95 per night for their eight rooms.
Problem 1: What is the break even point for the bookings? and what is the profitability of the renovations
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