Real Estate Math
A Nebraska buyer's offer is $285,000. The seller paid $210,000 five years ago. What is the percentage increase in value?
A30.5%
B33.6%
C35.7%✓ Correct
D26.3%
Explanation
Percentage increase = (New Value − Old Value) ÷ Old Value = ($285,000 − $210,000) ÷ $210,000 = $75,000 ÷ $210,000 = 0.357 = 35.7%.
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