Real Estate Math
If a property's value increases from $175,000 to $196,000, what is the percentage increase?
A10%
B11%
C12%✓ Correct
D13%
Explanation
Increase = $196,000 - $175,000 = $21,000. Percentage increase = $21,000 / $175,000 = 0.12 = 12%. Using the values given ($175,000, $196,000,), apply the appropriate formula.. The correct answer is 12%.. This is a common calculation on the North Dakota real estate exam.
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