Suppose you could invest $1 million in inventory,which you expect to be able to sell at $1,500,000.If you expect your total selling costs to be $200,000,your expected profit rate would be _______ percent.

A) 10
B) 20
C) 30
D) 40
E) 50

The expected profit would be the difference between the selling price and the total cost of inventory and selling costs.
Expected profit = Selling price - Cost of inventory - Selling costs
Expected profit = $1,500,000 - $1,000,000 - $200,000
Expected profit = $300,000

To calculate the expected profit rate, we need to divide the expected profit by the cost of inventory and then multiply by 100% to get a percentage.
Expected profit rate = (Expected profit / Cost of inventory) x 100%
Expected profit rate = ($300,000 / $1,000,000) x 100%
Expected profit rate = 30%

Therefore, the best choice is option C) 30.