Real Estate Math
A Florida investor buys a property for $180,000 and sells it 3 years later for $216,000. What is the total percentage gain?
A15%
B18%
C20%✓ Correct
D25%
Explanation
Gain = ($216,000 − $180,000) ÷ $180,000 = $36,000 ÷ $180,000 = 0.20 = 20% total gain over 3 years.
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