Real Estate Math
A Montana investor bought a property for $175,000, made $25,000 in improvements, and sold it for $235,000. What was the return on total investment?
A20%
B17.5%
C15%✓ Correct
D34.3%
Explanation
Total investment = $175,000 + $25,000 = $200,000. Profit = $235,000 − $200,000 = $35,000.
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