An individual purchases an interest in a restaurant for $500,000. Three years later the investor sells his
Question:
An individual purchases an interest in a restaurant for $500,000. Three years later the investor sells his interest for $620,000. What was the percentage amount of this investor’s total gain on the investment?
a. 24%
b. 22%
c. -24%
d. -22%
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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