Course: University of North Texas MKTG 3700 Marketing Metrics Sections 001, 007, 501 Ganesh and...
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Course: University of North Texas MKTG 3700 Marketing Metrics Sections 001, 007, 501 Ganesh and Nguyen Spring 2023 Module: Growth Rates / Problem Set ID: 82 Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 352 pedicures in the first quarter of 2011, and 386 pedicures in the second quarter. Pedicures cost $9.40 at both locations. Natalie notices that in Q1,40% of pedicures are performed at By-the-Beach but in Q2, 50% of the total were performed there. Natalie's sales goals for Quarter 3 are 2.1% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $10.20 at both locations in Q3 to increase revenue. Assuming growth was constant in Q2, what was the effective monthly growth rate at By-the-Beach during the quarter
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