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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 314 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 314 pedicures in the first quarter of 2011, and 395 pedicures in the second quarter. Pedicures cost $8.50 at both locations. Natalie notices that in Q1, 34% of pedicures are performed at By-the-Beach but in Q2, 62% of the total were performed there. Natalie's sales goals for Quarter 3 are 2.2% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $10.30 at both locations in Q3 to increase revenue. Assuming growth was constant in Q2, what was the effective monthly growth rate at By-the-Beach during the quarter? TUM 0.0% monthly % PS2 1 2 3 4 5 6 7 8 SUBMIT ANSWER EXIT CALCULATED VARIABLES: btbgr = 1.294 (129.4%) revgrowth = $689 annualgr = 1.505 (150.5%) q2gr = 0.258 (25.8%)
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