Real Estate Math
A Wisconsin property owner bought land for $45,000 and later sold it for $72,000. What was the percentage gain?
A40%
B55%
C60%✓ Correct
D65%
Explanation
Gain = $72,000 - $45,000 = $27,000. Percentage gain = $27,000 / $45,000 = 60%. Using the values given ($45,000, $72,000), apply the appropriate formula.. The correct answer is 60%.. This is a common calculation on the Wisconsin real estate exam.
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