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a corporation has earned a total profit of -1,419.25 since it was founded 3.5 years ago. What is its average annual profit
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Explanation & Answer
total profit earned = 1,419.25
in time = 3.5 years,
so, average annual profit = profit earned in 1 year = 1,419.25/3.5 = 405.5
so, Average annual profit = 405.5
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