Real Estate Math
A Michigan property was purchased for $150,000 and sold 5 years later for $195,000. What is the percentage gain?
A25%
B30%✓ Correct
C35%
D20%
Explanation
Gain = $195,000 - $150,000 = $45,000. Percentage gain = $45,000 / $150,000 = 0.
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