Answer:
The answer is: 74% of its customers carry a credit card the store will accept.
Explanation:
- Let A denote the event a customer carries American Express credit card (24%)
- Let V denote the event a customer carries Visa credit card (61%)
- Let AV denote the event a customer carries both credit cards (11%)
P(A ∪ V) = probability that a customer carries at least one credit card
P(A ∪ V) = P(A) + P(V) − P(AV)
P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74
Answer:
10%
Explanation:
Rate of Return = (Sale Price + Net Income Received - Purchase Price) / Purchase Price
Rate of Return = ($85.70 + ($2.3 + $3 - $3) - $80) / $80
Rate of Return = ($85.70 + $2.3 - $80) / $80
Rate of Return = $8 / $80
Rate of Return = 0.1
Rate of Return = 10%
So, the net rate of return from this investment is 10%
