EF Cosmetics offers a monthly "Latest and Greatest" cosmetics subscription. What is the long-term multiplier?
Billing: At the beginning of the month
Average monthly net margin: $100 per month
Retention rate (r): 98%
Discount rate (d): 1%
a. $3,267.00
b. 33.70
c. $100
d. $32.67
Billing: At the beginning of the month
Average monthly net margin: $100 per month
Retention rate (r): 98%
Discount rate (d): 1%
a. $3,267.00
b. 33.70
c. $100
d. $32.67