a hair salon acquired 100 new customers last year. costs in the marketing and sales areas were the…

a hair salon acquired 100 new customers last year. costs in the marketing and sales areas were the following: • marketing costs = $1,000 • sales costs = $10,000 • salaries = $96,000 what was the customer acquisition cost? $1,070 $107,000 $110 $11,000

a hair salon acquired 100 new customers last year. costs in the marketing and sales areas were the following: • marketing costs = $1,000 • sales costs = $10,000 • salaries = $96,000 what was the customer acquisition cost? $1,070 $107,000 $110 $11,000

Answer

Explanation:

Step1: Calculate total cost

Total cost = Marketing costs+Sales costs+Salaries = $1000 + 10000+96000=$107000$

Step2: Calculate customer - acquisition cost

Customer - acquisition cost=$\frac{\text{Total cost}}{\text{Number of new customers}}=\frac{107000}{100}=$1070$

Answer:

$1,070