Question: A new coffee roasting machine bought by a cafe costs $ 1 0 , 0 0 0 . If it saves the cafe $ 1

A new coffee roasting machine bought by a cafe costs $10,000. If it saves the cafe $1,000 a year, its average rate of return is ________.
Group of answer choices
10 percent
100 percent
50 percent
0 percent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!