No, it does not seem reasonable. The quarterly statement reports an increase of $47, so it would be a positive rate of return on the investment instead of a negative rate.
Answer:
2
Step-by-step explanation:
The answer is 14.33333 but you will have to round which you will just have 14.3
Multiply the original price by the percent of markup: 47x.045=2.115. Round: 2.115=2.12. Add original price and amount of markup: 47+2.12=49.12. Answer: $49.12 :)
