Real Estate Math
A property sells for $180,000 and was originally purchased for $150,000. What is the percentage of appreciation?
A15%
B17%
C20%✓ Correct
D25%
Explanation
Appreciation % = (Gain ÷ Original Price) × 100 = ($30,000 ÷ $150,000) × 100 = 20%. Using the values given ($180,000, $150,000), apply the appropriate formula..
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