If you sell a product for $37.96 and it costs you $33.00 to produce and distribute it, your return on investment for that product would be?
To calculate the return on investment (ROI), you need to subtract the cost of production and distribution from the selling price and then divide the result by the cost of production and distribution.
Selling price - Cost of production and distribution = Profit
ROI = (Profit / Cost of production and distribution) * 100
Profit = $37.96 - $33.00 = $4.96
ROI = ($4.96 / $33.00) * 100 = 15.03%
Therefore, the return on investment for that product is 15.03%.