![qwemnb7401](/avatars/35155.jpg)
qwemnb7401
08.01.2022 •
Mathematics
May I please receive help?
Solved
Show answers
More tips
- F Food and Cooking What is the Right Thickness for a Perfect Cream Puff?...
- F Food and Cooking What can and cannot be eaten during Lent?...
- F Food and Cooking How to Find Your Zip Code?...
- W Work and Career Can Skill Alone Make You a Professional?...
- C Computers and Internet How to Top Up Your Skype Account Without Losing Money?...
- P Philosophy Unidentified Flying Object - What is the Nature of this Phenomenon?...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
Answers on questions: Mathematics
- M Mathematics In the triangle below, what is the measure of z?...
- M Mathematics Which graph shows the solution to this inequality? 3r + 2(12r + 7) ≤ 5r – 8 A. A number line with a solid dot at negative 1 shaded to the right. B. A number line with...
- M Mathematics What is the equation of the trend line in the scatter plot ?...
- M Mathematics Here are the fuel efficiencies (in mpg) of 12 new cars 47,36,22,18,42,32,40,55,12,28,17,35 What is the percentage of these cars with a fuel efficiency less than 22 mpg?...
- B Biology How would you put these in order in the cladistics chart and a reason why it goes there? chimpanzee, owl, elephant, butterfly, spider, turtle, toad, octopus...
- E English This excerpt helps resolve the plot by revealing Dr Jekylls conflicts...
Ответ:
Question example:
Tori bought one share of Chipotle stock on Nov 1, 2016 for $396.33. Then, four years later, she sold it and the closing price for that day was $778.38.
a)How much money did she gain/lose with this stock?
b)What was Tori’s return on investment?
Answer and explanation:
The ROI(Return on investment) formula calculates the percentage return on the initial cost of investment.
To calculate return on investment, we must first calculate how much is gained or lost by subtracting price of investment when sold from price of investment when bought.
In the question above, the gain on the investment is gotten by subtracting closing price of Chipotle stock four years later $778.38 from price of Chipotle stock when it was bought on Nov 1, 2016 $396.33= $382.05
By getting our gain or loss on investment first, we are able to find the Return on investment(ROI) in percentage thus: $382.05/$396.33×100/1= 96.39%
We simply cannot divide first before subtraction because we need to get the gain or loss on investment and then express it as a percentage of the initial investment cost to get our ROI