What is return on investment and how do I calculate it?
An example of an AI chatbot conversation about understanding return on investment.
What is return on investment and how do I calculate it?
Return on Investment (ROI) measures the profitability of an investment. You can calculate it using the formula: ROI = (Net Profit / Cost of Investment) x 100.
Can you give me an example of how to calculate ROI?
Sure! If you invest $1,000 in a project and earn $1,200, your net profit is $200. So, ROI = (200 / 1000) x 100 = 20%.
What are some common mistakes people make when calculating ROI?
Common mistakes include not considering all costs, using inaccurate profit figures, or ignoring the time value of money.
How can I improve my ROI on investments?
To improve ROI, focus on reducing costs, increasing revenue, and ensuring you invest in projects with high potential returns.
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