She borrowed 1200 at 10 percent a year to buy equipment at


Entrepreneurs in the hot dog cart business earn $13,000 a year. pays the rent of $2,500 a year, and her total revenue is $25,000 a year. She borrowed $1,200 at 10 percent a year to buy equipment. At the end of one year, Eva was offered $1,100 for her business and all its equipment. What is her explicit cost?

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Business Management: She borrowed 1200 at 10 percent a year to buy equipment at
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