MVB Inc.obtains a return of 9.8% from assets worth $248.5 million.Calculate its net profit.
A)$105.9 million
B)$36.8 million
C)$24.3 million
D)$76.2 million
E)$60.4 million

Name: MVB Inc.obtains a return of 9.8% from assets worth $248.5 million.Calculate its net profit. A)$105.9 million B)$36.8 million C)$24.3 million D)$76.2 million E)$60.4 million
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Question

Quizplus · Accepted Answer

The net profit is calculated by multiplying the return rate by the asset value: 9.8% of $248.5 million equals $24.3 million.

MVB IncObtains a Return of 9