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ale4655 [162]
3 years ago
12

A grocery store manager must decide whether to buy four rug cleaners to rent to customers. The manager estimates that the first

would yield $200 a year, the second $150, the third $75, and the fourth $20. If the interest rate is 12 percent and each rug cleaner costs $500, how many should the manager buy?
Business
1 answer:
aksik [14]3 years ago
7 0

Answer:

It will purchase three.

Explanation:

the return will be:

income / investment

1ST  rug cleaners:    200/500 = 40% return

2 rug cleaners:   150/500 =  30% return

3 rug cleaners:   75/500 = 15% return

4 rug cleaners:  20/500 =  4% return

As the current market rate is 12% if the forth rug cleaner is pruchased it will not turn out profitable.

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