Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal help fees. Believing Saeed's business will be a success, an investor invests $5,000 to help Saeed open his business. In return, Saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. Calculate the return on investment for the investor if Saeed's business makes $7,000 in profit as a total return of the business in its first year. Show your work as part of your answer.
Answers
Answered by
0
Answer:
i will not give because i don't have money
Similar questions
English,
2 months ago
Social Sciences,
2 months ago
Geography,
2 months ago
Social Sciences,
4 months ago
Math,
4 months ago
English,
11 months ago
English,
11 months ago