View Full Version : Solved: What formula to use for getting ur moneys worth
almouchie
02-24-2006, 03:07 AM
I want to find a formula for this
I have bought a heavy equipment for $110,000
that will give me a profit of $1000 per week
after how long will I get back what I paid for the equipment
I am not sure what formula to use
A simple 110,000/1000*12 = 9.16years
is this the logic I am supposed to be using
Thanks for any help :bow:
Bob Phillips
02-24-2006, 03:48 AM
I want to find a formula for this
I have bought a heavy equipment for $110,000
that will give me a profit of $1000 per week
after how long will I get back what I paid for the equipment
I am not sure what formula to use
A simple 110,000/1000*12 = 9.16years
is this the logic I am supposed to be using
Thanks for any help :bow:
Don't you need to add in running costs?
almouchie
02-24-2006, 04:04 AM
I am sure there is
Like fuel costs & labor cost
whats the framework for incorporating them in a scenario
giving a hypothetical example
johnske
02-24-2006, 05:10 AM
I want to find a formula for this
I have bought a heavy equipment for $110,000
that will give me a profit of $1000 per week
after how long will I get back what I paid for the equipment
I am not sure what formula to use
A simple 110,000/1000*12 = 9.16years
is this the logic I am supposed to be using
Thanks for any help :bow:110,000/1000 = 110 weeks, 110 weeks/52 = 2 years and 6 weeks (assuming the profit of $1000 per week you quote is profit after all expenses are met) :)
almouchie
02-24-2006, 05:47 AM
ooops I feel so embarased yes
it will be around 2.6 yrs ( I calculated as thou its $1000 profit per month & not year)
thanks for ur clarification
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