Margaret's Cutting Station offers a new concept in haircuts; low cost and very quick. Set...
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Margaret's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Margaret's offers minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her employees based on expected client traffic. Each of the employees is paid $ per month, with part of their pay coming from client tips. Margaret pays rent and overhead costs of $ per month on the facility. Because of the quick nature of the service, Margaret doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $ each. She also provides shampoo and conditioner for each client at a cost of $ per client. The average price for a haircut is $ Margaret pays herself $ per month. What is Margaret's contribution margin per haircut? $ $ $ $ 
Margaret's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Margaret's offers minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her employees based on expected client traffic. Each of the employees is paid $ per month, with part of their pay coming from client tips. Margaret pays rent and overhead costs of $ per month on the facility. Because of the quick nature of the service, Margaret doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $ each. She also provides shampoo and conditioner for each client at a cost of $ per client. The average price for a haircut is $ Margaret pays herself $ per month. What is Margaret's contribution margin per haircut?
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