Real Estate Math
A home was purchased for $320,000 and sold for $410,000. What was the percentage of appreciation?
A22.0%
B28.1%✓ Correct
C78.0%
D12.8%
Explanation
Appreciation % = (Sale Price - Purchase Price) ÷ Purchase Price × 100 = ($410,000 - $320,000) ÷ $320,000 × 100 = $90,000 ÷ $320,000 × 100 = 28.1%.
Related California Real Estate Math Questions
- A borrower makes 360 monthly payments of $1,200. The original loan was $180,000. How much total interest was paid?
- A property was purchased for $380,000 and sold 3 years later for $437,000. What was the total percentage gain?
- Escrow closes on March 15. Annual property taxes of $6,000 were prepaid by the seller for the full calendar year. Using a 360-day year (30-day months), how much property tax credit does the buyer owe the seller at closing?
- A buyer takes out a $300,000 loan at 6% annual interest (interest only). What is the first month's interest payment?
- A buyer makes a $75,000 down payment on a $375,000 home. What is the loan-to-value (LTV) ratio?
- A house was purchased for $200,000 and sold 3 years later for $250,000. What is the percentage increase in value?
- A lender charges 2 discount points and a 1% origination fee on a $350,000 loan. What is the total amount the borrower pays in points and origination fees at closing?
- A salesperson sells a home for $540,000. The total commission is 6%, split evenly between the listing and selling brokers. The listing salesperson receives 60% of their broker's side. How much does the listing salesperson earn?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →