Jordan, the owner of a motorcycle firm, wants to reduce the cost of maintaining the existing equipment of his firm. Joe, a salesperson, recommends a new type of equipment to reduce the maintenance costs. The cost of the new equipment is $50,000, but it would save Jordan $75,000 in total. If Jordan decides to purchase the new equipment, then his return on investment will be?

Answer rating: 100% (QA)

Based on the information provided Jordans return on inv... View the full answer