Real Estate Math
If an investor purchases a property for $180,000 and sells it two years later for $207,000, what is the percentage gain on the investment?
A12%
B13%
C15%✓ Correct
D17%
Explanation
Gain = $207,000 - $180,000 = $27,000. Percentage gain = $27,000 / $180,000 = 0.
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