A stylist charges $20.00 per haircut. The total cost for running her home-based business is $4,000.00 per month, which includes her salary of $3,000.00 per month. To cover all these expenses and her salary, she must do a minimum of 200 haircuts per month.
Because the cost of living has gone up, she wants to increase her salary to $3,500, making her total monthly expenses $4,500.00
What is the minimum price she must charge for each of the 200 haircuts so she can cover this increased salary?
Do not forget to type the $ symbol when you enter your answer as shown below:
Example: $15.77
Hint: Your answer will have decimal point.