Real Estate Math
A Massachusetts property was purchased for $300,000 and sold 5 years later for $410,000. What was the percentage gain?
A26.8%
B36.7%✓ Correct
C37.3%
D33.3%
Explanation
Gain = $410,000 − $300,000 = $110,000. Percentage gain = $110,000 / $300,000 = 0.
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