Rebecca Gollanek makes and sells wooden cooling racks for cakes, cookies, and bread for $22.50 each. She has invested $4,300 in the venture and made $2,200 in net profit. Calculate her return on investment.
A) 22.0 percent
B) 43.0 percent
C) 48.8 percent
D) 51.2 percent
E) 195.5 percent
Correct Answer:
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