A bulk materials hauler purchased a used dumptruck for
Chapter 7, Problem 7.71(choose chapter or problem)
A bulk materials hauler purchased a used dumptruck for $50,000 two years ago. The operatingcosts have been $5000 per month and revenueshave averaged $7500 per month. The truck was justsold for $11,000. The rate of return is closest to:(a) 2.6% per month(b) 2.6% per year(c) 3.6% per month(d) 15.6% per year
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