Real Estate Math
A West Virginia investor buys a property for $150,000 and sells it three years later for $195,000. What is the percentage gain on the investment?
A25%
B30%✓ Correct
C35%
D45%
Explanation
Gain = ($195,000 - $150,000) / $150,000 = $45,000 / $150,000 = 0.30 = 30% total gain over three years.
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