What would be the annual growth rate

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Question 1) Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 324 pedicures in the first quarter of 2011, and 398 pedicures in the second quarter. Pedicures cost $9.40 at both locations. Natalie notices that in Q1, 37% of pedicures are performed at By-the-Beach but in Q2, 64% of the total were performed there. Natalie's sales goals for Quarter 3 are 6.1% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $10.50 at both locations in Q3 to increase revenue.

Assuming growth remains constant, what would be the annual growth rate?

Question 2) Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 393 balloons each month. His largest competitor, Paul, sells 814 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon.

What is the total market size in revenues (per month)?

Reference no: EM133269659

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