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17 March, 16:52

1. Suppose that a small hair styling salon had revenues of $150,000 in a given year. The owner spent $10,000 on utilities, $60,000 on supplies (shampoo, conditioner, hair coloring and other chemicals, etc.), and $50,000 on equipment (mirrors, chairs, scissors, curling irons, etc.), including maintenance. The owner could have earned $50,000 working at another

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  1. 17 March, 18:52
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    This can be solve by solving first the net profit of the salon and compare it with money if he works at another salon.

    Net profit = gross profit - expenses

    Net profit = $150,000 - ($10,000 + $60,000 + $50,000)

    Net profit = $30,000

    $50,000 - $30,000 = $20,000

    The owner could earn more if he work at the other salon
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