After the owner makes the deductions for expenses of the operation of the businesshe has a net income remaining of $180,000.
If he paid $2 million dollars for the business what percentage is the net income of 180k of the purchase price of 2 million ?
Take your time. The solution is below the wildlife photo.
A. .09 or 9%
Divide the net income, 180,000, by the purchase price of 2 million to get .09 or 9% of the purchase price.
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