What would happen to your volume and profit

Reference no: EM133486763

Question: You provide therapeutic message services , focusing on stress reduction services not covered by insurance. Your monthly overhead is $2000. You value your time at $20 per half hour (how long a therapeutic message takes) Supplies per message cost $4. You currently charge $75 per message and have a volume of 100 clients per month. You trade journal says 5 percent reduction in prices typically results in a 7.5 percent increase in volume. what would happen to your volume and profit if you cut your prices to $70? If you raise your price to $80?

Reference no: EM133486763

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