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lukranit [14]
4 years ago
11

Pete’s return from selling his investment is $22,000. He had purchased the investment at a cost of $20,000. What is Pete’s retur

n on investment? A. 0.1% B. 1.1% C. 10% D. 100% E. 110%
Mathematics
1 answer:
Effectus [21]4 years ago
6 0

Answer:

Option C

10%

Step-by-step explanation:

Given information

Cost of investment=$20000

Selling price=$22000

Profit=Selling price-Cost of investment=22000-20000=2000

Return on investment=profit/cost of investment

RoI=\frac {2000\times 100}{20000}=10%

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