Real Estate Math
A property was purchased for $380,000 and sold 3 years later for $437,000. What was the total percentage gain?
A11.8%
B15%✓ Correct
C13%
D18.5%
Explanation
Gain = $437,000 − $380,000 = $57,000. Percentage gain = $57,000 ÷ $380,000 = 0.15 = 15%.
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