Real Estate Math
An Oregon home was purchased for $295,000. After 8 years the owner sells it for $442,000. What is the total percentage gain?
A49.8%✓ Correct
B47.2%
C50.2%
D55.0%
Explanation
Gain = $442,000 − $295,000 = $147,000. Percentage gain = $147,000 ÷ $295,000 = 0.
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