Business, 31.07.2019 21:10 21tywmeb

Zippy is earning $30 comma 000 per year working for joe's car repair. he also has savings of $150 comma 000, on which he is earning 10% annual interest. he decides to leave joe's car repair to invest his savings in starting his own car repair business. in the first year, zippy's speedy car repair earns revenues of $250 comma 000 and has explicit costs of $100 comma 000. zippy's economic profit (or loss) in the first year is $ nothing. (round your answer to the nearest dollar.)

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