Babs purchased a piece of real estate last year for $85,000. The real estate is now worth $102,000. If Babs needs to have a total return of 25 per cent during the year, then what is the dollar amount of income that she needed to have to reach her objective?
A) $3,750
B) $4,250
C) $4,750
D) $5,250

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The Answer of Babs purchased a piece of real estate last year for $85,000. The real estate is now worth $102,000. If Babs needs to have a total return of 25 per cent during the year, then what is the dollar amount of income that she needed to have to reach her objective?
A) $3,750
B) $4,250
C) $4,750
D) $5,250

Babs Purchased a Piece of Real Estate Last Year for $85,000