A nightclub has a target amount of $10 for the average amount each customer spends on drinks. They find that the average amount each customer spends is $8. So the nightclub reduces prices by 10% in the hope that customers will purchase more drinks. By what percent must custom ers increase their spending with the new pricing structure for the nightclub to reach its goal? O A) 72% O B) 172% O C) 39% O D) 139%

A nightclub has a target amount of $10 for the average amount each customer spends on drinks. They find that the average amount each customer spends is $8. So the nightclub reduces prices by 10% in the hope that customers will purchase more drinks. By what percent must custom ers increase their spending with the new pricing structure for the nightclub to reach its goal? O A) 72% O B) 172% O C) 39% O D) 139%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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