Real Estate Math
A property was purchased for $150,000 and sold for $187,500. What is the percent of appreciation?
A20%
B25%✓ Correct
C12.5%
D30%
Explanation
Gain = $187,500 − $150,000 = $37,500. % appreciation = $37,500 ÷ $150,000 = 25%.
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