Real Estate Math
An investor in Hawaii purchased a property for $960,000 and is selling it for $1,152,000. The percent gain is:
AA. 15%
BB. 18%
CC. 20%✓ Correct
DD. 22%
Explanation
Gain = $1,152,000 - $960,000 = $192,000. % gain = $192,000 / $960,000 = 20%. Using the values given ($960,000, $1,152,000), apply the appropriate formula.. The correct answer is C. 20%.. This is a common calculation on the Hawaii real estate exam.
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