Real Estate Math
A New York landlord increases rent from $2,400 to $2,640 per month. What is the percentage increase?
A8%
B10%✓ Correct
C12%
D9%
Explanation
Increase = $2,640 - $2,400 = $240. Percentage = $240 ÷ $2,400 = 0.10 = 10%. Using the values given ($2,400, $2,640), apply the appropriate formula.. The correct answer is 10%.. This is a common calculation on the New York real estate exam.
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