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A Guest at Raphael's Italian Restaurant Generally Spends $150

Question 62

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A guest at Raphael's Italian Restaurant generally spends $150.00 on a meal.Most of Raphael's customers are local and eat at the restaurant twice a month.If the restaurant's margins are 60 percent, and a loyal customer is estimated to be worth $3000, determine the average defection rate.

Correct Answer:

verifed

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VLC = P*CM*RF*BLC
3000 = (150)...

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