Real Estate Math
A South Dakota investor buys a property for $450,000 and sells it 4 years later for $540,000. What is the total percentage gain?
A16.7%
B20%✓ Correct
C22.2%
D25%
Explanation
Gain = $540,000 − $450,000 = $90,000. Percentage = $90,000 ÷ $450,000 = 0.20 = 20%. Using the values given ($450,000, $540,000), apply the appropriate formula.. The correct answer is 20%.. This is a common calculation on the South Dakota real estate exam.
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