Question
A subscription-based online fitness company has provided the following data: Total revenue in the last quarter: $120,000 Number of customers at the start of the
A subscription-based online fitness company has provided the following data:
- Total revenue in the last quarter: $120,000
- Number of customers at the start of the quarter: 1,000
- Number of customers lost in the quarter: 50
- Gross Margin: 70%
Assuming no new customers were acquired during the quarter, based on this information, calculate the Customer Lifetime Value (LTV) for this fitness company.
Step by Step Solution
3.46 Rating (175 Votes )
There are 3 Steps involved in it
Step: 1
Step 1 Calculate the average revenue per customer Average Revenue per Customer Total Revenue Number ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App