Real Estate Math
A Delaware home was purchased for $200,000 and sold 4 years later for $248,000. What was the percentage gain?
A20%
B24%✓ Correct
C22%
D26%
Explanation
Percentage gain = (Gain ÷ Original Price) × 100 = ($48,000 ÷ $200,000) × 100 = 24%. Using the values given ($200,000, $248,000), apply the appropriate formula..
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