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You run a nail salon. Fixed monthly cost is $5,837.00 for rent and utilities, $5,590.00 is spent in salaries and $1,026.00 in insurance. Also
You run a nail salon. Fixed monthly cost is $5,837.00 for rent and utilities, $5,590.00 is spent in salaries and $1,026.00 in insurance. Also every customer requires approximately $4.00 in supplies. You charge $106.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $10,608.00, salaries to $6,871.00 and insurance to $2,127.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $148.00 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 Submit Answer format: Number: Round to 2 decimal places Show Hint
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