Solved: What formula to use for getting ur moneys worth

[almouchie]

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]

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]

I am sure there is
Like fuel costs & labor cost

whats the framework for incorporating them in a scenario
giving a hypothetical example

[johnske]

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]

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