Real Estate Math
A Vermont home's original purchase price was $220,000. After 5 years, it sells for $285,000. What is the percentage increase in value?
A22.9%
B29.5%✓ Correct
C30.2%
D32.1%
Explanation
Percentage increase = (New value – Original value) ÷ Original value × 100 = ($285,000 – $220,000) ÷ $220,000 × 100 = $65,000 ÷ $220,000 × 100 = 29.55% ≈ 29.
Related Vermont Real Estate Math Questions
- A Vermont property sold for $265,000. The buyer paid a PTT. What was the total PTT owed?
- A Vermont seller nets $315,000 after paying a 5% commission on the sale. What was the sale price?
- A Vermont buyer's total monthly debt payments are $2,400, and their gross monthly income is $8,000. What is their total DTI ratio?
- A Vermont property's monthly gross rent is $2,800. Using a GRM of 150, what is the estimated value?
- A buyer takes out a $250,000 mortgage with monthly payments of $1,600. The first month's interest is $1,250. How much principal is paid in the first month?
- A Vermont listing agent charges a 6% commission on a sale of $310,000. If the broker splits the commission 50/50 with the cooperating broker, and the listing salesperson receives 60% of the listing broker's half, how much does the listing salesperson earn?
- A Vermont home sells for $320,000. The property was purchased 3 years ago for $256,000. What was the total dollar appreciation?
- A Vermont property is assessed at $280,000 with a tax rate of 1.8% of assessed value. What is the annual property tax?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →