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clare sells gourmet boxes of chocolates. one box of chocolates costs nancy 6.75 to produce. she sells her boxes of chocolate 10.00

Question

Clare sells gourmet boxes of chocolates. One box of chocolates costs Nancy 6.75 to produce. She sells her boxes of chocolate for 10.00 . What is Clare's return on investment (ROI)? 0000 47 % 48 % 45 % 46 %

Answer

4.2 (290 Votes)
Verificación de expertos
Catherine Expert · Tutor for 3 years

Answer

D

Explanation

Return on Investment (ROI) is a performance measure used to evaluate the efficiency, or profitability, of an investment or to compare the efficiency of a number of different investments. ROI is expressed as a percentage and is typically used for financial decisions, to compare companies' profitability, or getting a fast overview of different investments. In this case, Clare's initial cost (investment) was 10.00 - effectively our 'Selling Price'. We can the/application of the formula for Return On Investment:ROI = ((Selling Price - Cost Price) / Cost Price ) * 100 %.