Answer for average rate of return was 30% Gpm = 75% Photshoot to equal was 24
How many marks would 17.5% for arr be? I did everything right except I did 28800-12000 as the first step and I wrote the working out to get 30% but put one cross over it. Still readable tho
Average Annual Profit (total profit/number of years) / cost of investment all x 100
which is: Total profit is 28800 -12000 so 16800 16800 / years = 2100 2100/ cost of investment = 0.175 x 100 = 17.5
average rate of return = (average annual profit / cost of investment) x 100 average annual profit = 28800 / 8 = 3600 cost = 12000 arr = 3600 / 12000 = 0.3 0.3 x 100 = 30
you wouldnt take 12000 away from the profit since that is the profit, not the revenue. If you did it would probably only be 2 marks or even 1 mark lost