If Sallie's Manufacturing Company sells a dress for $30 to its distributors, and the distributor sells it for $90, the distributor makes $60 in profit. What is the rate of return?
1.5
.30
.900
2.0
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
@imqwerty
OpenStudy (anonymous):
@Rushwr
OpenStudy (rushwr):
DO u understand what it means? What is ur answer ?
OpenStudy (anonymous):
is it b?
OpenStudy (rushwr):
Nop
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
imqwerty (imqwerty):
how did u get that b :)
OpenStudy (rushwr):
Now check what u get :)
OpenStudy (rushwr):
@kittymeow101 ???????????
imqwerty (imqwerty):
:)
OpenStudy (anonymous):
so its a
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
imqwerty (imqwerty):
u sure :)
OpenStudy (anonymous):
i think..
imqwerty (imqwerty):
:)
OpenStudy (anonymous):
so its not a?
imqwerty (imqwerty):
how did u get that a :)
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
i did 90/60
OpenStudy (rushwr):
There was a slight mistake in my previous equation. SO sorry about that.
return = profit divided by the initial value.
OpenStudy (rushwr):
I'm sorry if tht led u to a wrong answer. I thought I typed it but no .
OpenStudy (rushwr):
Rate of return is a profit on an investment over a period of time, expressed as a proportion of the original investment
OpenStudy (rushwr):
Can u give it a try now ?
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
im thinking D
OpenStudy (rushwr):
Exactly !!!!!!!!
OpenStudy (anonymous):
because i did 90-30=60 60/30=2
OpenStudy (rushwr):
exactly
90-30 is the profit ! :)
OpenStudy (anonymous):
ok thank you cx
Still Need Help?
Join the QuestionCove community and study together with friends!