Hair Care Yield
1. **State the problem:**
Calculate the monthly revenue (yield) for the hair care professional under two scenarios: current average jobs and the proposal for peak and off-peak months.
2. **Given data:**
- Regular price: $80
- Working days per month: 22
- Proposed low month rate: $60
- Peak months (4 months): average 18 customers daily (proposal)
- Off-peak months (8 months): average 11 customers daily (proposal)
- Current average jobs per day: 15
- Current peak months jobs per day: 30
- Current off-peak months jobs per day: 7
3. **Calculate current monthly revenue:**
- Peak months revenue per month: $$30 \times 22 \times 80 = 52800$$
- Off-peak months revenue per month: $$7 \times 22 \times 80 = 12320$$
4. **Calculate proposal monthly revenue:**
- Peak months revenue per month: $$18 \times 22 \times 80 = 31680$$
- Off-peak months revenue per month: $$11 \times 22 \times 60 = 14520$$
5. **Compare total yearly revenue:**
- Current yearly revenue: $$4 \times 52800 + 8 \times 12320 = 211200 + 98560 = 309760$$
- Proposal yearly revenue: $$4 \times 31680 + 8 \times 14520 = 126720 + 116160 = 242880$$
6. **Conclusion:**
The current schedule yields $309760 yearly, while the proposal yields $242880 yearly. The current schedule generates higher revenue.
**Final answer:**
The hair care professional should maintain the current schedule for higher yearly revenue of $309760 compared to the proposal's $242880.