arponatsdWT

2022-11-30

Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 320 pedicures in the first quarter of 2011, and 400 pedicures in the second quarter. Pedicures cost $8.50 at both locations in Q1 and Q2. Natalie notices that in Q1, 30% of pedicures are performed at By-the-Beach but in Q2, 55% of the total were performed there. Natalie's sales goals for Quarter 3 are 6% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $11 at both locations in Q3 to increase revenue.

What was the overall pedicure growth rate from Q1 to Q2?

What was the overall pedicure growth rate from Q1 to Q2?

Garagozzodgc

Beginner2022-12-01Added 9 answers

Solution:

Number of pedicures in Quarter 1 (Q1) = 320 pedicures

Number of pedicures in Quarter 2 (Q2) = 400 pedicures

The overall pedicure growth rate from Q1 to Q2 is calculated as,

Overall pedicure growth rate $=[\frac{\text{Number of pedicures in Q2}-\text{Number of pedicures in Q1}}{\text{Number of pedicures in Q1}}]\times 100$

Overall pedicure growth rate $=[\frac{(400-320)}{320}]\times 100$

Overall pedicure growth rate = 25%

Number of pedicures in Quarter 1 (Q1) = 320 pedicures

Number of pedicures in Quarter 2 (Q2) = 400 pedicures

The overall pedicure growth rate from Q1 to Q2 is calculated as,

Overall pedicure growth rate $=[\frac{\text{Number of pedicures in Q2}-\text{Number of pedicures in Q1}}{\text{Number of pedicures in Q1}}]\times 100$

Overall pedicure growth rate $=[\frac{(400-320)}{320}]\times 100$

Overall pedicure growth rate = 25%

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