Real Estate Math
A NJ investor bought a property for $400,000, made $50,000 in improvements, and sold it for $520,000. Ignoring taxes and closing costs, what is the return on investment (ROI)?
A30%✓ Correct
B15.6%
C16.7%
D13%
Explanation
Total investment = $400,000 + $50,000 = $450,000. Profit = $520,000 – $450,000 = $70,000.
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