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You run a nail salon. Fixed monthly cost is $5,637.00 for rent and utilities, $5,645.00 is spent in salaries and $1,698.00 in insurance. Also
You run a nail salon. Fixed monthly cost is $5,637.00 for rent and utilities, $5,645.00 is spent in salaries and $1,698.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $61.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,740.00, salaries to $6,896.00 and insurance to $2,441.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $160.00 per service. At what point will you be indifferent between your current location and the new location? Submit Answer format: Number: Round to: 2 decimal places. Show Hint
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