Real Estate Math
A New York property was purchased for $300,000 and sold 3 years later for $375,000. What is the percentage gain?
A20%
B25%✓ Correct
C80%
D33%
Explanation
Gain = $375,000 - $300,000 = $75,000. Percentage gain = $75,000 ÷ $300,000 = 0.
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