Question

Lane is considering a career as a public relations specialist in which he

would make about $38,000 a year. But he realizes it will cost him about
$52,000 bbbc to get the degree he needs. If Lane decides to move forward,
what will his ROI be after the first year in his career

Answer 1

0.73 or 73%

Step-by-step explanation:

Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.

It is calculated using the formula below.

ROI = returns( profits)/ cost of investments.

For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.

ROI= $38,000/ $52,000

ROI =0.73 or 73%