Real Estate Math
If a property appreciates from $250,000 to $320,000, what is the dollar appreciation and percentage increase?
A$70,000 and 22%
B$70,000 and 28%✓ Correct
C$80,000 and 32%
D$70,000 and 25%
Explanation
Dollar appreciation = $320,000 − $250,000 = $70,000. Percentage = $70,000 ÷ $250,000 = 0.28 = 28%. Using the values given ($250,000, $320,000,), apply the appropriate formula.. The correct answer is $70,000 and 28%.. This is a common calculation on the Georgia real estate exam.
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