Real Estate Math
An Oklahoma property was bought for $155,000 and sold for $192,500. What was the percentage appreciation?
A20.4%
B22.4%
C24.2%✓ Correct
D19.2%
Explanation
Appreciation = ($192,500 - $155,000) / $155,000 = $37,500 / $155,000 = 0.2419 = 24.
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