Real Estate Math
A home was purchased for $320,000 and sold 3 years later for $380,000. What is the percentage gain on the original purchase price?
A15.8%
B18.75%✓ Correct
C16%
D20%
Explanation
Gain = $380,000 - $320,000 = $60,000. Percentage gain = $60,000 / $320,000 = 0.
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