Question
You run a school in Florida. Fixed monthly cost is $5,427.00 for rent and utilities, $5,820.00 is spent in salaries and $1,586.00 in insurance. Also every student adds up to $99.00 per month in stationary, food etc. You charge $639.00 per month from every student now.
You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,021.00, salaries to $6,498.00 and insurance to $2,485.00 per month. Variable cost per student will increase up to $151.00 per month. However you can charge $1,061.00 per student.
How much do you currently charge per student?
You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,021.00, salaries to $6,498.00 and insurance to $2,485.00 per month. Variable cost per student will increase up to $151.00 per month. However you can charge $1,061.00 per student.
How much do you currently charge per student?
Answers
GPT-4o mini
Currently, you charge $639.00 per month from every student.