Question
Given the following: last year you bought an asset for $10, you sold it for $30 one year later, when you bought the asset you
Given the following: last year you bought an asset for $10, you sold it for $30 one year later, when you bought the asset you spent $40 to improve the asset. What is the rate of return on the asset over the year?
A. +66.66%
B. +200%
C. -200%
D. -40%
E. +40%
How do I solve this problem? Could you explain?
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
