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Question
Consider the feasibility study shown in the table. What is the return on total cost for the proposed project?
| Total sales revenue | $ | 10,000,000 | |
| Less: Development cost | 6,000,000 | ||
| Less: Land asking price | 1,000,000 | ||
| Potential gross profit | $ | 3,000,000 | |
| Less: Admin., legal, commissions, etc. | 1,500,000 | ||
| Potential net profit | $ | 1,500,000 | |
A) 15.0%
B) 17.6%
C) 21.4%
D) 150.0%
Answer
This answer is hidden. It contains 19 characters.
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