To find out how much the salon keeps from the basic haircuts on Saturday, follow these steps:
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Calculate the total revenue from haircuts: \[ \text{Total Revenue} = \text{Number of Customers} \times \text{Price per Haircut} \] \[ \text{Total Revenue} = 78 \times 10.75 = 838.50 \]
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Determine the percentage that the salon keeps: The stylist keeps 40%, which means the salon keeps: \[ 100% - 40% = 60% \]
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Calculate the amount the salon keeps: \[ \text{Amount the salon keeps} = \text{Total Revenue} \times 0.60 \] \[ \text{Amount the salon keeps} = 838.50 \times 0.60 = 503.10 \]
So, the salon keeps $503.10 from basic haircuts on Saturday.