Real Estate Math
A home was purchased for $200,000 and sold 4 years later for $260,000. What is the percentage increase in value?
A23%
B25%
C30%✓ Correct
D33%
Explanation
Increase = ($260,000 − $200,000) ÷ $200,000 = $60,000 ÷ $200,000 = 0.30 = 30%.
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