Real Estate Math
A Wisconsin investor purchases a property for $180,000 and later sells it for $225,000. What is the percentage of profit on the original purchase price?
A20%
B22%
C25%✓ Correct
D28%
Explanation
Profit = $225,000 - $180,000 = $45,000. Percentage profit = $45,000 / $180,000 = 25%.
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