Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You run a nail salon. Fixed monthly cost is $ 5 , 4 2 8 . 0 0 for rent and utilities, $ 5 ,
You run a nail salon. Fixed monthly cost is $ for rent and utilities, $ is spent in salaries and
$ in insurance. Also every customer requires approximately $ in supplies. You charge $ on
average for each service.
You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to
$ salaries to $ and insurance to $ per month. Cost of supplies will increase to $
per service. However you can now charge $ per service. At what point will you be indifferent between
your current location and the new location?
Answer format: Number: Round to: decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started