Real Estate Math
A Missouri property owner bought a home for $220,000 and later sold it for $285,000. What was the percentage gain?
A23.5%
B29.5%✓ Correct
C35%
D22.8%
Explanation
Gain = $285,000 − $220,000 = $65,000. Percentage gain = $65,000 ÷ $220,000 = 0.2954 = approximately 29.5%.
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