Real Estate Math

A seller paid $285,000 for a home 5 years ago and sells it for $342,000. What is the percentage increase in value?

A16%

B18%

C20%✓ Correct

D22%

Explanation

Increase = $342,000 − $285,000 = $57,000. Percentage increase = $57,000 ÷ $285,000 = 0.

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