Answer:
I would believe the scale factor to be 1.5:6!
Yes. It can be simplified into 1 1/44
(B)Calculate the estimated percent profit. Explain how you found the estimated percent profit.
Answer:
See Explanation
Step-by-step explanation:
<u>PART A</u>
Ed's Total Monthly Expense for each Loan is given below:

<u>PART B</u>
The percentage profit for each option is calculated below.

To calculate the percentage profit:
- Subtract the total monthly expense from the average monthly sales.
- Divide the result by 7500
- Multiply by 100.