Real Estate Math
An Alaska homeowner wants to add a deck that costs $18,000. Studies show improvements of this type return 75% of cost at resale. How much value does the deck add?
A$9,000
B$12,000
C$13,500✓ Correct
D$18,000
Explanation
Added value = Cost × Return rate. $18,000 × 75% = $13,500.
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