Real Estate Math
An investor buys a property for $320,000 and spends $45,000 in renovations. The property sells for $420,000. What is the return on investment (ROI)?
A15.2%
B18.5%
C14.5%✓ Correct
D31.25%
Explanation
Total investment = $320,000 + $45,000 = $365,000. Profit = $420,000 − $365,000 = $55,000.
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