Ron Hurley purchased everything he needed to make sno-cones for $11,600. Last summer he made a net profit of $6,000 making and selling sno-cones at a local lake. Calculate Hurley's return on investment (ROI) .
A) 11.6 percent
B) 17 percent
C) 19.3 percent
D) 51.7 percent
E) 60 percent
Correct Answer:
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