Altoids Inc manufactures peppermints. The company has recently been involved in
ID: 2459382 • Letter: A
Question
Altoids Inc manufactures peppermints. The company has recently been involved in developing various lines of peppermints. One line called curiously strong mints has a very large potential market. Because of competition Altoids cannot charge more than $1.50 per packaged mint. Altoids believes it can sell 1,000,000 mint packages at $1.50. Altoid requires an investment of $800,000 to manufacture, and the company wants an ROI of 50%. What is the return of investment per unit?
50%
80 cents
40 cents
Cannot determine
A.50%
B.80 cents
C.40 cents
D.Cannot determine
Explanation / Answer
It Should be 50% OF PER UNIT
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.