Return on investment can be given by
Given that the profit is $12,000 and sales is $45,000. Thus, the cost of goods sold is given by $45,000 - $12,000 = $33,000.
Therefore, the return on investment is
Given that the profit is $12,000 and sales is $45,000. Thus, the cost of goods sold is given by $45,000 - $12,000 = $33,000.
Therefore, the return on investment is