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what point will you be indifferent between your current location and the new location?

what point will you be indifferent between your current location and the new location?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You run a nail salon. Fixed monthly cost is $5,540.00 for rent and utilities, $6,128.00 is spent in salaries and $1,209.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $115.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,113.00, salaries to $6,226.00 and insurance to $2,235.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $159.00 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.
Transcribed Image Text:You run a nail salon. Fixed monthly cost is $5,540.00 for rent and utilities, $6,128.00 is spent in salaries and $1,209.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $115.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,113.00, salaries to $6,226.00 and insurance to $2,235.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $159.00 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.
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