Question

Pete’s return from selling his investment is $22,000. He had purchased the investment at a cost of $20,000. What is Pete’s return on investment? A. 0.1% B. 1.1% C. 10% D. 100% E. 110%

Answer 1

Answer:

Option C

10%

Step-by-step explanation:

Given information

Cost of investment=$20000

Selling price=$22000

Profit=Selling price-Cost of investment=22000-20000=2000

Return on investment=profit/cost of investment

$RoI=\frac {2000\times 100}{20000}=10%$

Answer 2

The amount of money on a property or good sold is known as ROI. Pete’s return on investment is 10%

Return on investment

The amount of money on a property or good sold is known as ROI.

Given the following

Cost price = $20000

Selling price = $22000

ROI = SP-CP/CP * 100

%ROI = 2000/20000 * 100

%ROI = 1/10 * 100
%ROI = 10%

Hence Pete’s return on investment is 10%

Learn more on ROI here: https://brainly.com/question/15726451

#SPJ2