James used $200,000 from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000. His economic profit will be:a. $20,000 b. $80,000 c. $300,000 d. $100,000
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Home » Business » James used $200,000 from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000. His economic profit will be:a. $20,000 b. $80,000 c. $300,000 d. $100,000