Real Estate Math
A Vermont investor buys a property for $380,000 and sells it 4 years later for $455,000. What is the total percentage gain?
A15.8%
B17.2%
C19.7%✓ Correct
D20.1%
Explanation
Total gain = $455,000 − $380,000 = $75,000. Percentage gain = $75,000 ÷ $380,000 = 0.1974 ≈ 19.7%. This is the total gain over 4 years, not annualized.
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