Rate of return help | Mathematics | Page 1

wind surgeBOT Jul 30, 2023, 10:06 PM

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frigid stone Jul 30, 2023, 10:06 PM

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For some reason i just forgot how to solve rate of return and its making me very confused and id appreciate any help

fierce wyvern Jul 30, 2023, 10:10 PM

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purchase: 450
sale: 480
comission on sale = 6
so acc amount u take is 480-6 = 474

=> ans = 24/474 = ~5.06%

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this is me assuming that we count commission in some way, i'm not sure of if there's some special finance consideration of it

frigid stone Jul 30, 2023, 10:11 PM

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im so stupid, i kept ADDING 6 😭

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yeah the comission is accounted for

fierce wyvern Jul 30, 2023, 10:11 PM

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Commission doesn't add to ur money haha

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no worries, happens

frigid stone Jul 30, 2023, 10:16 PM

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@fierce wyvern sorry to bother but do you mind helping me with this one as well?

fierce wyvern Jul 30, 2023, 10:17 PM

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try do it yourself and talk me through it

frigid stone Jul 30, 2023, 10:17 PM

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Yeah so

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30x30 == 900

1100-6 == 1094

900/1094 == 0.8 (0.8 = rounded to the nearest tenths)

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i think i did something

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pretty wrong

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https://tenor.com/view/cute-emoji-smiley-thinking-scratching-head-gif-17835192

Tenor

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i tried to unput 0.8 but it came out as incorrect

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oh wait

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i do add the comission

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since i am the one 'earning' the money

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i think i got it, one moment

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900 + 6 == 906

1100- 906 = 194

then i would put 192 over 906
and then divide

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194**

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which then id get

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0.2...?

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😭

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ah i got it all worked out

#Rate of return help