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Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 374 pedicures in the first quarter of 2011, and
Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 374 pedicures in the first quarter of 2011, and 391 podioures in the second quarter. Pedicures cost $9.50 at both locations. Natalie notices that in 1, 35% of pedicures are performed at By-the-Beach but in Q2,59% of the total were performed there. Natalie's sales goals for Quarter 3 are 6.4% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $11.30 at both locations in O3 to increase revenue. Assuming growth was constant in Q2, what was the effective monthly growth rate at By-the- Beach during the quarter? Submit Answer Exit U 1 0.0% 3 monthly % 4 5 PS2 2 6 7 8 CALCULATED VARIABLES: btbgr = 0.762 (76.2%) revgrowth = $162 annualgr = 0.193 (19.3%) 92gr = 0.045 (4.5%)
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