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You run a nail salon. Fixed monthly cost is $5,275.00 for rent and utilities, $5,667.00 is spent in salaries and $1,506.00 in insurance. Also every
You run a nail salon. Fixed monthly cost is $5,275.00 for rent and utilities, $5,667.00 is spent in salaries and $1,506.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $117.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,809.00, salaries to $6,074.00 and insurance to $2,063.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $141.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Answer format: Number: Round to: 2 decimal places
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