Real Estate Math
A NH property originally purchased for $275,000 sold for $340,000 after 4 years. What was the total percentage gain in value?
A19.1%
B23.6%✓ Correct
C16.4%
D25.0%
Explanation
Percentage gain = (Gain / Original price) × 100 = ($340,000 − $275,000) / $275,000 × 100 = $65,000 / $275,000 × 100 = 23.6%.
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