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Suggest a pricing strategy that will increase your salary

Problem:

You have just been hired as manager of a new health spa in Retirement Village, Florida. The owner has commissioned a market study that estimates the average customer's monthly demand curve for visiting health spa to be Q(d) = 50-.25P. The cost of operating is C(Q)=3Q, where Q is the number of visits. The owner has been charging a $20/month membership fee and a $5 per-visit fee. Part of your salary is 10 percent of the ontly profits. Suggest a pricing strategy that will increase your salary.

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Finance Basics: Suggest a pricing strategy that will increase your salary

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