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CVS operates a number of pharmacies worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following: Fixed annual costs
CVS operates a number of pharmacies worldwide. Assume that an analysis of operating costs, customer sales, and customer patronage reveals the following: Fixed annual costs per store $80,000 Variable cost ratio 0.80 Average sale per customer visit $17.00 Average customer visits per week 1.50 Determine the number of customers per year required for a single CVS location to earn an annual profit of $40,000. Assume 52 weeks in a year. Note: Round your answer up to the nearest customer. Number of customers
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