A Guest at Raphael's Italian Restaurant Generally Spends $250 on a Meal

question 35

Essay

A guest at Raphael's Italian Restaurant generally spends $250 on a meal. Most of Raphael's customers are locals and eat at the restaurant twice a month. If the restaurant's margin is 50 percent, and a loyal customer is estimated to be worth $4000, determine the average defection rate.

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Definitions:

Canadian Dollar

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