Real Estate Math
A property is purchased for $185,000 and sold 3 years later for $220,000. What is the percentage gain?
A16.2%
B18.9%✓ Correct
C21.4%
D25.0%
Explanation
Gain = $220,000 − $185,000 = $35,000. Percentage gain = $35,000 ÷ $185,000 × 100 ≈ 18.
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