Real Estate Math
A property sold for $210,000. The seller originally paid $175,000. What was the percentage of appreciation?
A16.7%
B19.4%
C20.0%✓ Correct
D22.3%
Explanation
Appreciation % = (Sale Price − Purchase Price) ÷ Purchase Price × 100. = ($210,000 − $175,000) ÷ $175,000 × 100 = $35,000 ÷ $175,000 × 100 = 20.0%.
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