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Question
Bailey, Kaylee, Haley, and Joyce are four sorority sisters who discovered an opportunity to buy an Internet café. To make the purchase, each of the women would have to put up $$ 80,000. The café's revenue is expected to remain stable at $225,000 per year for the foreseeable future. The costs of running the café (excluding the opportunity costs of the investment). $$
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 4We must know is how much will be the annual net profit of each of the sisters in this business. For this, the first thing to do is divide the expected revenue by the number of partners.
Each sister will earn annual revenue of $56,250.
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