Real Estate Math
A North Dakota landlord increases rent from $800/month to $850/month. What is the percentage increase?
A5.88%
B6.25%✓ Correct
C6.45%
D7%
Explanation
Percentage increase = ($850 − $800) / $800 = $50 / $800 = 0.0625 = 6.25%. Using the values given ($800, $850), apply the appropriate formula.. The correct answer is 6.25%.. This is a common calculation on the North Dakota real estate exam.
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