Real Estate Math
A Hawaii property sold for $1,050,000. The seller had purchased it for $840,000 five years ago. What was the total dollar gain?
AA. $200,000
BB. $210,000✓ Correct
CC. $220,000
DD. $195,000
Explanation
$1,050,000 - $840,000 = $210,000 total dollar gain. Using the values given ($1,050,000, $840,000), apply the appropriate formula.. The correct answer is B. $210,000.. This is a common calculation on the Hawaii real estate exam.
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