Question

Asked By at

Answered By Expert

Expert · 5.9k answers · 5k people helped

Answer

D

Explanation

The total fixed costs for the nail salon per month are the sum of rent and supplies, which is 2500 + 500 = 3000. The total revenue from 150 client visits per month is 150 visits * 20 per visit = 3000. Therefore, the salon needs to make 3000 in total to break even. However, the salon also needs to cover the variable costs of the nail technicians, which is 150 visits * 20 per visit = 3000. Therefore, the salon needs to make 3000 + 3000 = 6000 in total to break even. The markup percentage is therefore (6000 - 3000) / 3000 * 100% = 100%.

🧑🏫 More Questions

👉 Interested in exploring further?

Chrome Extension

1. Search answers from our 90+ million questions database.

2. Get instantly AI Solutions powered by most advanced models like GPT-4, Bard, Math GPT, etc.

3. Enjoy one-stop access to millions of textbook solutions.

4. Chat with 50+ AI study mates to get personalized course studies.

5. Ask your questions simply with texts or screenshots everywhere.