First turn the fractions to decimals 1/3=.33 1/5=.2 Then multiply 8.33 x 1.2=9.996
Annual ROI is approximately 83.3%
Find annual profit: $75,000/6 = $12,500
ROI = Annual Profit/ initial investment
ROI = $12,500/$15,000 or 83.3%
-34 / 1.2 = -28.33
-28.33 is your answer.
Answer:
32 units
Step-by-step explanation: