Homework Answers
Sales =2 billion
Profit=20% of sales=0.2*2 =0.4 billion
As given Profit is per year ,
Total Profit in ten year =0.4*10=4 billion
Investment=3.1 billion
Return amount=4-3.1=0.9 billion
Rate of return=0.9/3.1]*100=29.03%
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