Real Estate Math
A Michigan investor buys a duplex for $200,000 and sells it 3 years later for $245,000. What is the percentage gain?
A18.4%
B20.0%
C22.5%✓ Correct
D25.0%
Explanation
Gain: $245,000 - $200,000 = $45,000. Percentage gain: $45,000 / $200,000 = 0.
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