Question: utilize the hint, please round final answer 2 decimal places You run a nail salon. Fixed monthly cost is $5,170.00 for rent and utilities, $6,020.00

utilize the hint, please round final answer 2 decimal places utilize the hint, please round final answer 2 decimal places You run

You run a nail salon. Fixed monthly cost is $5,170.00 for rent and utilities, $6,020.00 is spent in salaries and $1,084.00 in insurance. Also every customer requires approximafely $4.00 in supplies. You charge $88.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,533.00, salaries to $6,022.00 and insurance to $2,189.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $146.00 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!