Question

Strawberry sells bicycles. One bicycle sells for $85, and the cost to produce a bicycle is $65. What is strawberry's return on investment (roi)?.

Answer 1

We will see that the return on investment is 30.77%

How to get the return on investment?

The return on investment is given by the formula:

ROI = 100%*(selling price - cost)/(cost).

Here we have:

• Selling price = $85
• Cost = $65.

Replacing that on the above formula, we get:

ROI = 100%*($85 - $65)/$65= 30.77%

This means that the store wins 30.77% of what the pay for the product.

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